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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (294204)7/14/2006 2:34:28 PM
From: TimF  Read Replies (2) of 1574852
 
Supply Side economics isn't "the doctrine that tax cuts could be had for free, without causing budget deficits." (although some of its supporters believe that).

It the idea that tax cuts help reduce the drag that the government has on the economy.

It made America poorer than it would otherwise have been by somewhere between $80 billion and $400 billion a year in lower living standards and lost incomes.

The tax cuts were followed one of the greatest American economic expansions in modern times.
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