Reaganomics, otherwise founded on JFK's principles, and better described as supply side economics has created more wealth and better living conditions in this country than ever known.(posted 7660 days ago)While the deficit issue is of concern, the realization must be that the decrease in inflation over early 1980s... that continues through today was effectively brought about by investment and improvement in productivity through technological advances largely supported and funded by investors. With the lower inflation levels, and government's unwillingness to shrink proportionetly, the deficits grew. A large part of that government growth was in defense expenditures, and while fiscally a dismal idea, in reality, the effects of that spending were beneficial in an overwhelming way with the collapse of the USSR. More or less, it was a true investment in our future that paid itself off within a decade, something that can seldom be said for the mass majority of government spending.
It wasn't until the long term effects of growth, the snowballing of investment and productivity... that were unable to be outspent by government until 2001, when growth slowed to a point that could not hide the exponential growth of the government.