Bush 43, was that the one that presided over the inflating housing bubble that burst in 2007, as well as a ballooning federal debt? A Democrat had to clean up

Bush 43, was that the one that presided over the inflating housing bubble that burst in 2007, as well as a ballooning federal debt? A Democrat had to clean up the mess, so I guess you could call it a long-term success. Notably the only US president since 1980 that achieved a balanced budget was Bill Clinton - unsurprisingly, he did so by raising taxes. https://research.stlouisfed.org/fred2/series/FYFSGDA188S https://research.stlouisfed.org/fred2/series/FYFSGDA188S By the way, did you know that Keynes wrote of the Laffer curve already in 1933? http://www.liberal-vision.org/2010/12/17/keynes-and-the-laffer-curve/ http://www.liberal-vision.org/2010/12/17/keynes-and-the-laff... Of course, the important question on which opinions differ is where is the peak of the curve. Given the data the US has collected over the last decade (see link above) it is immediately evident that current levels of taxation are to the left of the peak.