Supply side would have thoroughly worked if spending was not baselined, entitlements were cut and the redundant and useless agencies were ultimately sunsetted. Just simple reform would have made the ponzi scheme known as Social Security solvent. But whenever the government hydra is confronted by conservatives the media and leftist scream like gutted rabbits. All programs and all corruption were sacred.
Ronald Reagan’s administration’s push to cut entitlements (which are not mandated by the constitution) was thwarted at every turn by the leftist, the media, RINOs, and and finally by public opinion molded by leftist media. It was and is the entitlements that bloat all government deficits.
The only sector of the government the left wish to cut and destroy is defense, whether it is the local sheriff’s budget or # of ships in the US Navy.
Yet, the leftists are first to use the loss of cops and armed personnel as examples of why the govt should always tax more for their entitlements. They’re rotten, lying, b@stards.
David Stockman should know this context. He lived it. Stockman was hated before Newt or Rove as the worst person on earth to leftist, statists, and the elites.
So when David made derisive comments on the effectiveness of tax cuts and the Reagan years a few years ago, most conservatives scratched their heads.
But now Mr. Stockman wants to go back and play with our side again. David opines that the Bernanke method is killing us. Bernanke is killing us. I agree.
Before anything, we need to overturn Obamacare. Second, we need to make the tax cuts permanent. We need to end the Fed’s control of the economy and overturn the 2010 act that gave the Fed unnatural, unconstitutional, and fascist powers over our economy. And finally, we need a new Omnibus Spending Act that balances the budget, sunsets entitlements, and finally addresses the horrible corruption in this monster government spending.
And Mr. Stockman, it would be swell if you returned to your neo-classical economic roots, rolled up your sleeves, man-up, and help us make it a reality.
If my memory serves me good, Stockman called Reagans economic policy Voo Doo Ecomonics and that was when he was still in the Admin...