Only two weeks after his inauguration, Reagan addressed the public about his plans to reduce both taxes and government spending on domestic programs. Gaining their support for his budget plan ...

What Reagan did manage to prove was John Maynard Keynes’ theory that increasing Federal spending in an economic downturn (military Keynesianism) would boost the economy (top graph in this piece).

After cutting taxes for the wealthy from 70 percent to 28 percent, and cutting the corporate tax rate from 46 percent to 40 percent, there was a whole lot of deficit spending going on. Reagan ...

Only two weeks after his inauguration, Reagan addressed the public about his plans to reduce both taxes and government spending on domestic programs. Gaining their support for his budget plan ...

Among DOGE’s goals — streamlining government operations, eliminating unnecessary regulation and reducing excessive spending — the last is the most difficult. To be successful, the Trump administration ...