At this point, supply-side economics have been examined, analyzed, debated, celebrated and rejected ad nauseam. Cut taxes, the theory goes, and the money that would have gone into government coffers is instead invested in the private economy. How you feel about the theory has less to do with how you spend and more to do with how you vote.
However, recent analysis from the nonpartisan Tax Foundation gives hope to Reaganites everywhere, who in this decidedly demand-side environment are sorely in need of a boost.
The foundation’s conclusions focus specifically on the budget sequester, but it isn’t a great leap to extrapolate to the economy at large.
Instead of cutting government spending on so-called discretionary programs, wrote Richard Morrison, manager of communications for the Tax Foundation, sequestration should target entitlement programs.