I would agree with you but there is ONE major difference between then and now, we weren’t 30+ trillion dollars in debt in the Reagan Era.
We’ve had an inverted yield curve for quite a few months, which has caused the Biden Administration to finance the national debt with short term treasuries, the debt is horrible now, but a spike in interest rates that is sure to come will cause the debt to explode even more, which means a new Trump administration will inherit a disaster and limit what he can do in the short term.