aceUS’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy
Back through political history to the age of Ronald Reagan, Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers. The promise never really panned out. From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a fine new layer of artificial intelligence pixie dust. It will fail again. The treasury secretary, Scott Bessen…
Relying on AI-driven growth to pay for tax cuts is increasing federal borrowing costs and debt service, with no realistic growth path to close the deficit.
Evidence
- JournalismThe Guardian2026-10-11
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Truvace Impact Record TRV-2026-1325, v1: “US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy.” Truvace, 2026-10-12. /record/TRV-2026-1325 (accessed at citation time). sha256 338c1e7f6088515f…
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