The big difference between the Trump Republican Party & the old school Ike Republican Party is balancing the budget. The Trump Republicans don't care about budget deficits if they can cut taxes. The Ike Republicans would rather balance the budget even if it meant having to raise taxes.
The Ike Republicans thought deficits matter. The Trump Republicans don't. The Ike Republicans know that:
Savings-Investment=Exports-Imports
Current Account = Financial Account
The smaller the budget deficit, the more savings increases. The more savings goes up, the more exports go up. The more exports go up the working class does better.
Ike had a top rate of 92% and was able to balance the budget 3 times. To their credit, long time Democrats Truman & Clinton also each balanced the budget 3 times.
The Grover Norquist crowd would tell you the sky would fall with taxes that high. The sky did not fall and the and the 1950's rocked. In the 1950's, the middle class grew, real inflation adjusted earnings rose and the stock market did great.
The Trump crowd is as reckless and irresponsible as the biggest spending Democrat.
The Ike Republicans thought deficits matter. The Trump Republicans don't. The Ike Republicans know that:
Savings-Investment=Exports-Imports
Current Account = Financial Account
The smaller the budget deficit, the more savings increases. The more savings goes up, the more exports go up. The more exports go up the working class does better.
Ike had a top rate of 92% and was able to balance the budget 3 times. To their credit, long time Democrats Truman & Clinton also each balanced the budget 3 times.
The Grover Norquist crowd would tell you the sky would fall with taxes that high. The sky did not fall and the and the 1950's rocked. In the 1950's, the middle class grew, real inflation adjusted earnings rose and the stock market did great.
The Trump crowd is as reckless and irresponsible as the biggest spending Democrat.