The interesting thing about the Reagan tax cuts was this, Rates were lowered and net tax revenue INCREASED. Partly due to the manipulations of Fed Chairman Volcker and other items mentioned by Glenn.
Jimmy Carter has a great many positive qualities. MANY! If you want bashing, I'm sorry but you'll have to go elsewhere. However IMO his Presidential years showed us that a genuinely nice person no matter how genuine and sincere does not always make for an effective leader. I recall a pundit who predicted Carter would be A lousy President because he was "To damn Nice".
The really great thing about Obama is that now Jimmy Carter will leave us someday NOT being the worst President post WWII.
It really saddens me that he didn't do better as POTUS as he was and remains the best Former President the world has ever seen! I've always admired him, even in failure, he always tried to do the right thing and how many of us can say that?