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.
All too true. Yet who better than Trump to navigate through a disaster? Of necessity, major cuts in federal spending will not just be necessary but also may be broadly acceptable to the country. Trump at least has the right instincts: protect politically popular federal spending like Social Security and Medicare but cut other programs, at least for a start.