National Debt Graph by President

In 1981, the supply siders commandeered the Reagan Presidency and employed their Voodoo economics, as Bush senior had called it in 1980. He was saying that tax cuts would not increase government revenues. As you can see above, the Voodoo performed just as Bush predicted, and the supply siders turned a 32-year winning streak into a debt disaster that continues to this day. But 20 years in a row can't be just and accident, but to get it you need to learn the voodoo strategy.   (Why Debt / GDP ?)

Bush senior fought against it, so the Republicans didn't support him and he lost to Clinton, who put an end to it. G. W. Bush brought it back full strength, with V.P. Cheney saying "Reagan proved deficits don't matter." Currently supply siders are in full control of the Republican party.

The green line shows what would have happened if Reagan and the Bushes had balanced their budgets as Reagan claimed he would. G.W. Bush, in all modesty, claimed he would "retire nearly $1 trillion in debt over the next four years. This will be the largest debt reduction ever achieved by any nation at any time."

Conservatives are quite [#embarrassed] by this performance, so they have invented a cover story: The Democratic Congress did it. Nice try. But for 12 of the 20 years the Congress was not Democratic, Presidents can veto, and when it was Democratic Congress passed smaller budgets on average than the Republican Presidents asked for. Check it out.

[#PopNotes]