Quote:
Originally posted by Not Bob
No, actually Stockman was more of a deficit hawk than a supply-sider. He liked tax cuts because he thought that the deficits they created would force government to cut back on othwise untouchable programs like Medicare. He made the mistake of admitting this to a reporter, and was spanked by Reagan.
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Well, I thought that was the whole point of supply side - at least among those who were honest about it.
I remember Stockman as the father of the principle of unidentified budget cuts - the (at the time) $40 billion "magic asterisk".
