As we have painfully learned, supply side economics without a balanced budget is just a way to get and spend more money and to burden the US budget with future entitlement expense.
The politicians spend every dime that come in.
I no longer support “supply side economics” as we have had it in the past.
I support ‘supply side debt reduction’.
In the case of RR:
When he was sworn in as POTUS, the top tax rate was 70%. When he left office it was 28%. The economy grew like gangbusters, millions of new jobs were created, the stock market roared, and revenues greatly increased to the Treasury.
RR had to dramatically increase defense spending in the wake of decades of neglect and a hugely increased Soviet military capability and expansion particularly in the Third World.
RR was less than successful in curtailing domestic spending. The Dems controlled the House of Represenatives during his entire term in office.