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They just got a big help.The invocation of the "starve the beast" theory here is on the money.
The realists, such as Stockman, hoped that the deficits would force Congress to cut spending: this was the "starve the beast" theory.
David Stockman, who was a congressman from Michigan and later director of the Office of Management and Budget under President Reagan, was among the most enthusiastic converts to what came to be called the "starve the beast" theory of taxation.
It is yet to be seen whether this "starve the beast" theory will hold true in practice.
Similar(56)
We gave starve-the-beast theory another test during the George W. Bush administration.
I certainly don't think they believe in the starve-the-beast theory.
We gave starve-the-beast theory another test during the George H.W. Bush and Clinton administrations.
In any case, the starve-the-beast theory is as dead as the dodo.
In the 1980's, there was some evidence that the starve-the-beast theory worked.
As a consequence, the old starve-the-beast theory has been turned on its head.
In short, we have tested starve-the-beast theory in the laboratory, and it has failed miserably.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com