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To: discostu
Absolutely not. Bush never invoked full supply side cuts. When it is stuck to, you have miracles. When you "compromise" and raise taxes to address deficits---ALL CAUSED BY HIGHER SPENDING---then you lose the supply side impact.

Supply side has been tried four times and works every time.

43 posted on 12/04/2012 9:16:36 AM PST by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: LS

Eventually the spending catches up to you. Because supply side means a lot of deficit spending, and that will always lead to disaster as the interest on your deficit keeps climbing and climbing and more and more of your spending is just paying off the past and less and less is actually is being supply side anymore. What makes supply side work is that it’s supposed to be temporary, eventually there are cuts, which as we both point out should have been done by Bush, but he didn’t. Now we’re entering our 4th decade of supply side spending, and it doesn’t work anymore. Now we’ve got to bite the bullet of major cuts to undo 25 years of over spending.


59 posted on 12/04/2012 9:30:25 AM PST by discostu (Not a part of anyone's well oiled machine.)
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