And now we have mega-spending. That makes the "mega tax cuts" increasingly an illusion. You can't have tax cuts and huge spending increases at the same time, no matter how "supply side" the tax cuts are. Sooner or later, our means will force a choice, and the temptation will just be overwhelming to sacrifice the tax cuts to the increased spending.
Just like you can't have open borders and a welfare state---the temptation is ultimately overwhelming for politicians to extend welfare benefits to immigrants---whether legal or illegal---, and for immigrants to avail themselves of the welfare benefits instead of jobs.
Just like you can't have open borders and a welfare state---the temptation is ultimately overwhelming for politicians to extend welfare benefits to immigrants---whether legal or illegal---, and for immigrants to avail themselves of the welfare benefits instead of jobs.
They may try to have tax increases to pay for increased spending, but that will fail because tax increases will simply result in less economic activity and less revenue. Then they will have to cut spending.
I agree with your comment about open borders and welfare. However, my preference is for getting rid of welfare and having open borders, while most everyone else is in favor of continued welfare and closed borders. I also suspect that 1/3 of those for closed borders do so for purely racist reasons and if the illegals were english, they would be all for welfare and open borders.