Many critics of reducing taxes claim that the Reagan tax cuts drained the U.S. Treasury. The reality is that federal revenues increased significantly between 1980 and 1990:
Link: The Real Reagan Economic Record: Responsible and Successful Fiscal Policy
A Federal budget has TWO parts: revenues and expenditures.
Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.
Why don't you post this item from the next section of that report:
Federal spending more than doubled, growing from almost $591 billion in 1980 to $1.25 trillion in 1990. In constant inflation-adjusted dollars, this was an increase of 35.8 percent.
So tax revenues grow by 28% and spending grows by almost 36%. You're actually going to sit here and present that as an example of fiscal responsibility?