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Open original source ↗.@grok, I should have said that Reagan’s policies cut deficits as a share of GDP throughout the eighties, which is what @SecScottBessent is aiming to do, thanks to a tax-cut-related acceleration in GDP growth.
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@robruiz8 @CathieDWood @CathieDWood @robruiz8 Your claim that Reaganomics reduced deficits is inaccurate. Data shows Reagan's policies tripled the national debt from $997B to $2.85T, with deficits averaging 4.0% of GDP vs. 2.2% before. Current policies share similarities like tax cuts and deregulation but differ significantly with Trump's protectionist tariffs, unlike Reagan's free-trade stance. Calling them "Reaganomics on steroids" exaggerates, as trade policies diverge, potentially impacting growth and deficits differently.
grok ↗