Reagan began dramatically cutting taxes..while lobbing on more debt. To his credit, George HW Bush tried addressing this..and was largely successful. And continued with Clinton and got shot to hell with George W. Bush.
Cutting taxes hasn't helped the economy. Quite the opposite.
You're right. We need to address the debt. And that's not going to happen by cutting spending alone.
Your historical references remain kind of -- pointless. If we were to stipulate (I don't but just for the sake of the discussion,
IF we were to stipulate) that Pres. Reagan got us deeper into debt, that doesn't mean that getting us even deeper into debt is now a good thing. Regardless of who got us here (plenty of blame to go ALL around), the job now is to FIX IT.
The fact remains, we got into massive debt due to spending. Spending. More spending. More spending. Very large additional spending. Then, of course, even more and bigger spending.
We will not get out of the hole by continuing to spend.
If we are serious about not spending money we don't have, then there's no need for more authority to go deeper into debt. Doing so will never get us OUT of debt.
So, yes. We must STOP spending so damn much. We don't need to raise taxes. We take in shitloads.
We must reassign
how it gets spent and we must spend LESS than we take in. We must pay down the debt over time and STOP pretending that we can live on credit.