Better fiscal philosophy--Reaganomics, Rubinomics or neither (something else)?

Question

Rubinomics:
http://en.wikipedia.org/wiki/Rubinomics

Reaganomics:
http://en.wikipedia.org/wiki/Reaganomics

your take please

Answer 1

I'm partial to bushes "magic eight ball economics."

Answer 2

Great question. I wish more people would think about this. Instead, the debate seems to focus on Bushonomics vs. Kerrynomics, neither of which seem to have had any coherence whatsoever. I read through the economic policy statements of both parties in the last election, and was distressed by the lack of any economic sense at all. It made me appreciate both Mr. Reagan and Mr. Rubin that much more.

Personally, I'm a fan of both the broad Reagan economic philosophy (which was carried out imperfectly), and the Rubin economic approach, which was carried out successfully, but which seems to be much more limited in scope. I'd love to see a new administration focused on the Reaganish emphasis on reducing regulation and taxation, and the Rubin-esque emphasis on cutting deficits.

Of course, this combination would require cutting spending, which means that it may not be politically feasible unless we have a truly courageous leader. It certainly is the farthest thing from the mind of Mr. Bush, the president who will go down in history as a man who spends money like a drunken sailor. I don't think there has been a time in U.S. history when we've seen more expansion of government in such a short period of time.

Answer 3

Reaganomics was been prov en to work every time offered to people. the tax intake from Reaganomics is much greater and helps the economy to grow. on the other hand Rubinomics slows the economy and brings in less tax money. if you look at the Clinton administration they inherited an economy that was growing at 5% and slowed it down to a 1to 2 %. the balance budget was a farce in 8 years they lowered the national debt each year but were in defect spending for 7 of those years. would that not be nice in real life to spend more then you have coming in and be less in debt.