What an idiotic statement. Outlays are the polar opposite of revenue and have NOTHING TO DO WITH EACH OTHER. We are talking about REVENUE.
Federal revenue in 1960 = $92.5 Federal revenue in 1968 = $153.0 Over a 50% increase in revenue! Federal revenue in 1980 = $517.5 Federal revenue in 1989 = $909.0 Over a 70% increase in revenue!
So the FACTS show that cutting taxes in the 60's and 80's increased revenue. So what do you got? Nothing.
Now you know the truth so stop spreading stupid lies and BS.
The problem WILL NOT BE revenue. History already shows us that it will increase.
Here’s the real problem — WHAT THE GOVERNMENT WILL DO WITH THE INCREASED REVENUE!! <-— Those have always been the problem.
LBJ used the increased revenue to FUND his Great society Programs.
Congress increased spending under Reagan.
So, if your answer is — GOVERNMENT SPENDING WILL INCREASE BEYOND REVENUE, go to the head of the class.
You listed revenues taken in but not expenditures. In any event the federal debt tripled (from $997 billion to $2.85 trillion) under Reagan.