Ronald Reagan has been dead for over nine years and it is time to kill his absurd notion that cutting taxes on the rich and corporations produces a balanced budget, create jobs and economic growth.
Earth to the Republican Party: David Stockman, the architect of Reaganomics, declared on NPR that “Reagan would never support extending the Bush tax cuts.” Stockman took this assertion a step further in calling out the Republican leadership for perverting the notions of fiscal conservatism and betraying what the Party used to stand for. He laid his harshest blame on the Bush administration.