Could JFK get elected today?

http://www.nytimes.com/1984/09/18/business/rationa...

In a speech before the Economic Club of New York on Dec. 14, 1962,

President Kennedy gave what could stand today as an eloquent

statement of the supply- side case, particularly as it relates to

budget deficits and tax rates.

He said:

''Our true choice is not between tax reduction, on the one hand, and the avoidance of

large Federal deficits on the other. It is increasingly clear that, no matter what party is

in power, so long as our national security needs keep rising, an economy hampered by

restrictive tax rates will never produce enough revenue to balance the budget - just as it

will never produce enough jobs or enough profits.

''In short, it is a paradoxical truth that tax rates are too high today and tax revenues are

too low - and the soundest way to raise revenues in the long run is to cut rates now.''