Fannie Mae (FNMA)

[Donotunderstand]

supply side (tax cuts work and produce balanced budgets) have never worked in the real world

RR was both a believer and the starter of the huge deficit. Lots of good from the reform but a belief that you can cut taxes and balance the budget was blown away by reality

RR then raised taxes 4 times - Pappy bush lost his job to a tax increase and then Clinton raised taxes again.

Then and only then was there a balanced budget - with a DEM president willing to raise taxes and REP congress cutting spending

Sorry but tax life is linear. Tax rate reductions (especially for rates above say 20% ((the consumption zone))) do not increase gov nue enough to avoid greater deficits and increasing interest costs for the Federal Budget. Since spending is 95% defense social security medicare and interest - cuts never materialize to have any impact - (the exception being the cuts under BO as demanded by REPS and agreed to in the bargain they struck)

or see Kansas and Brownbeck for the harm of supply side