jonny5
DP Veteran
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The above was the Reagan tax cuts and high defense spending (Star Wars). It wasn't sustained for a decade.
Economic growth - After 1989 the bottom dropped out. Four years at +4% during the Clinton administration. There has been no period since WWII in which US economic growth sustained at +4% annually for 10 years.
4% is probably too small for the Trump/GOP revenue shortfalls. 5-6% sustained annual economic growth/decade will probably be required to make the GOP tax plan "revenue-neutral".
It doesnt have to be, so again, its a moot argument. It will result in savings for citizens and stimulus for the economy. And whether its passed or not, we'll still be adding debt because spending is too high. With no changes in policy, the CBO predicts another 10 trillion in debt due to the increases costs of social programs. Until the bottom half is willing to pull their weight, nothing will change. So we in the middle might as well keep our earnings.