ned by your ignorance. Inflation and interest rates averaged about 9 percent under Reagan annually. Under Carter they were only temporary as result of the oil embargos from mid-east getting back at us because of the yom kipper war.
In 1980 the debt was 930 billion, in 1988 the debt was 2602 billion. To add Bush in 1993, the debt was 4411 bliion. Without this added debt into the economy, there would be no increases in tax revenues with tax cuts. During the reagan/bush years the debt quadrupled, and reciepts only doubled!
During the Clinton years. The debt didnt even go up 50 percent, while receipts doubled.
When the budget was almost balanced, in 2000. Receipts were 2053.8 billion, in 2002 receipts dropped to 1860 billion . Even in 2003 they dropped even further to 1836 billion.
The idea of cutting taxes to gain receipts is the dumbest thing I have ever heard.