Subject: Re: Biden Budget
The reason the deficit went up so dramatically during the Reagan years was because he implemented tax cuts with the promise to lower government spending proportionally. The second part of that promise never materialized and in fact went higher because of increased defense spending. Tada! Huge run up in the twin deficits. So not exactly small government. Just the public message of one sold to people who wanted to believe that was the plan as executed based on the plan that was messaged.