Those surpluses were taken by the next administration, a Republican administration, to provide tax cuts to the very, very wealthy on the faulty theory that trickled down would help grow the economy, and it didn't.
Higgins critiques the effectiveness of tax cuts from previous administrations.
Share
More from Brian Higgins
I think that would be a great public service the Congressional Budget Office could provide to the United States Congress
Yes, the debt is a problem, but the way that you deal with that is through economic growth.
Aren't you putting that very program at risk by not raising the debt ceiling?
Other voices in this conversation
