^^
What you do not understand is the difference between demand side economics and supply side economics.
https://owlcation.com/social-sciences/The-Differences-Between-Supply-Side-and-Demand-Side-Economics
The greatest danger of supply side economic theory is long-term deficits which will weigh heavily on the future economy.
One danger of too much consumer demand is inflation.
This country ran on demand side economics quite well for many years, the greatest problem was inflation, which simply put means too many dollars chasing too few goods.
The middle class that had been created under the new deal gave workers discretionary spending power, not just survival pay. This meant a greater demand for goods and a need for workers to produce them. This in turn made workers more valuable which meant more pay and again more spending power and again the demand for more goods.
Life was good for most workers, the term working poor was not even heard of.
https://en.wikipedia.org/wiki/Keynesian_economics
Read about Keynesian economics.
now, inflation didn't bother most people, wages rose, prices rose etc. The folks that really hated it were the wealth, they couldn't find a way to invesy their vast wealth where the return would keep up with inflation, this meant that a million dollars would lose over 310,000
in real money between 1960 and 1970
Reaganomics or supply side economics was the republican answer to this, it meant increasing the supply of goods and the supply of workers and less money in the hands of workers lowering the price of goods and wages. This along with huge tax cuts to the wealthy
brought inflation under control but at a huge cost to the middle class.
From 1980 on we have seen increases in homelessness, a lowering of available health care to workers, fewer jobs, less pay and a general lowering of the standard of living for the middle class worker.
So, who has reaped the benefits of Reaganomics? The top 1-10% of the already wealthy. When I say that this economy of a working poor
was planed and intentional I mean just that. There has been a systematic dismantling of the new deal and a war on the middle class brought on them by those whom they vote for.
Anyone with a brain would see that outsourcing of jobs, an influx of workers accompanied by a decrease demand for goods due to less
discretionary spending power in the hands of the consumers would and has decimated the middle class.
Agian, it was intentional and done by both parties that have been bought by the wealthy.