Reaganomics was more government spending and tax cuts; thus massive deficits. Not much has changed except the tax cuts and regulations these days.
“Reaganomics was more government spending and tax cuts; thus massive deficits”
Regan cut taxes, and Total Federal Revenues doubled. The tax cuts more than paid for themselves, as they always do. Tax cuts work.
Problem was he got screwed by dems, who reneged on the budget. Like they always do. They saw the new revenue pouring in, so spent it and even more.
Like they always do.