Dumbass Economics

Here's a piece of a little argument I had on a comment section of a podunk newspaper site recently:
Me: "Reagan was a great marketing device, creating debt through tax cuts and huge military spending were the reality. Creating TARP, bailing out AIG and Leaman were Reaganomics in action - engineered by supplysiders, Greenspan lovers and other conservatives."

Some conservative dumbass said: "Tax cuts don't create debt, they increase tax revenue but stimulating the economy. How do you think Bush had the money to spend too much. It was actual real money. Not Obama bucks that keeps flying off the presses. Do some research on the tax revenue, not the tax cut."

The views expressed by the dumbass in question are very stubborn. The idea that tax cuts create tax revenue is just stupid. Plainly illogical, historically inaccurate, mathematically impossible, but believed as fact by American Conservative ideologues. What a shameful state of affairs this is.

Reagan cut taxes, increased spending, stimulated economic demand, spurred economic growth and exploded the national debt. GW Bush did the same thing, Obama is trying to do the same thing but is coming up against the old Reagan (and Jack Kemp) supply side argument that tax cuts increase tax revenue.

Did I mention that is stupid?