Trump’s $4 Trillion Fiscal Hole—Why “Cut” And “Replace” On Taxes Will Be An Even Bigger Debacle, Part 4

A central revisionist myths that emerged from the 1980s Reagan era, and which was long a mainstay of GOP political oratory, has been resurrected by Wall Street bulls to explain how Trump can escape the Debt Trap we have been documenting in this series. Namely, that the deep tax cuts of 1981 had generated an extraordinary growth boom, causing surging revenues to pay for much of the initial loss.