<p>Decreased federal spending? <a href="http://www.cato.org/pub_display.php?pub_id=879%5B/url%5D">http://www.cato.org/pub_display.php?pub_id=879</a></p>
<p><a href="http://en.wikipedia.org/wiki/Reaganomics%5B/url%5D">http://en.wikipedia.org/wiki/Reaganomics</a>
Read the criticisms part. Notice that the deficit was created more due to spending than due to tax cuts. </p>
<p>Feeling good by using credit isn't anything great. Do yourself a favor, and know what you are talking about. Also note that anti inflationary measures were taken prior to Reagan (by the Fed's chief-Volker). </p>
<p>Clinton actually reversed that deficit into a surplus. That is quite a feat. Now the hope is to get a repeat performance by another president after this economic idiot.</p>