I hope no one still thinks that, since debt has outpaced growth since 1983. We've been faking it for almost three decades. Reaganomics would only have been workable with politicians who were willing to restrain spending - and our system does not offer them any rewards for doing so.
Did we have growth in 1983? Hello. And oh by the way a how much is your 2012 dollar worth compared to you 1983 dollar?