I can understand the starve the beast strategy. Ideally you first reduce spending and then reduce taxes. However, all of the incentives in government and relating with a half-informed public are for more spending and inefficient spending that doesn't ask too much from the workers, because the workers vote.
So if you are the fiscally responsible Party, you're always holding the bag and blamed for tax increases. Starving the beast is a pretty extreme position to take which makes sense given the incentives. Everyone views government as a piñata to take a swing at and get something out of.
Anyways, what I am trying to say is that in the Obama years we have lived in an economic unreality. The deficit going over 1.2 trillion in a single year is mind-blowing. That is the same as was accumulated over the entirety of the Reagan years. We have gotten carried away with frivolous culture war issues in our politics. At some point we won't be able to borrow so easily, and when that day comes, politics goes back to normal. Normally you should have to make tradeoffs between growth and inflation. Inflation is supposed to be the feedback mechanism that taxes are too low or spending too high.
Please. Starve the beast puts the interests of the wealthy above the interests of the people. Repubs will put us in the position where we can't borrow & where we can't pay it back, either, so it ends up like borrowing money from the Mob, where we're always paying vigorish to the Wealthy. A lot of vigorish.
The debt nearly tripled from 1981 to 1989 & had grown to 4.4X the size by 1993.
https://treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
Debt accumulation tapered off to nearly nothing during the Clinton years, then nearly doubled again under GWB.
https://treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
The rate of increase actually slowed over the Obama presidency, even as we've necessarily engaged in deficits to counter the swift kick in the nuts delivered in the collapse of the greatest Repub sponsored financial flimflam in History, the Ownership Society.
It semms certain that Trump & the Repubs will slash regulations & taxes at the top, fueling some new unsustainable bubble. They can either slash social spending or let the deficits run wild or some compromise between the two.
That is exactly the opposite direction from what we need to take. Yeh, sure, boom/bust is great if you're financially unassailable at the top of the economic food chain but it's incompatible with 30 year mortgages. If we want to limit the damage from bust cycles we must necessarily contain unrealistic exuberance on the upside. Repubs don't believe in any of that at all.