Rep. Richard Neal, (D-MA), addresses recent "Deficit" history.

[Kid Berwyn]

2. Red Ink Ronnie, Father of American Trickle Down

Then-Budget Director David Stockman called Reaganomics a legislative Trojan Horse. Once passed, out popped temporary tax cuts that became permanent.

“Tax and spend Democrats” was how the pundits described Democrats, especially liberals who know the New Deal works. Tax cuts became the driver for rich people’s support of GOPerverts and the federal government’s central reason for never having money for social programs, like health, housing, education, welfare, child care, public transportation, etc. etc. etc. In the process over most of five decades, the rich have become the richest to ever walk the earth and the Great US Middle Class has become closer to working poor or evaporated into poverty.

In a 60 Minutes interview during the bank crash of 2007, investment banker Stockman estimated that 7/8 of all wealth in history has created between 1981 and 2007; and thanks to tax cuts benefitting the rich, most all of that was put in the pockets of the very richest. I understand he thinks the same for almost all the wealth (more than doubled) created since then to today.