Economic plan developed by President Ronald "
Bonzo"
Reagan in the 1980s based on some
squiggles drawn on a napkin. Based on the entirely logical presumption that less money equals more money.
"Hey, Ron, let's lower taxes on the rich, cut funding for education/healthcare/anything important, then spend so much on
useless crap like missiles that we end up in debt for the rest of our lives and those damn Boomers can't have their
social security."
"Huh?"
"Good choice, Ron. We'll call it
Reaganomics."
"Uh, OK."