Herein lies the problem with trusting tax cuts and deregulation to positively impact American economics.
Supply side economics assumes a closed system. The money freed up by these devices is expected to be reinvested in the US. That won’t happen. Instead, multinational companies are reinvesting that money in other countries where profit margins are higher. National companies are investing in the stocks of multinational companies anticipating their growth in profits to be a better return on their money.
If we want to decrease our national debt, we must stop borrowing money for tax cuts that largely favor the rich and the rich corporations that continue to invest this money overseas.
Ignorance isn’t bliss, it’s expensive.