The secret GOP plan--a shocker!: During the Reagan era, a friend and former colleague, a professor of American history, was invited to the deliberations of a Washington think-tank that provided policy direction for the Republican Party. As they discussed growing the debt and increasing the deficit, he was flabbergasted: “Are you not the party of balanced budgets and debt elimination?” The reply was unequivocal, “Our goal is to grow the deficit as much as possible in order to create political space to eliminate government-funded programming. Until then, we want high deficits while lobbying for a balanced budget — and promoting social program cuts as the only solution.”
To create this useful deficit, tax cuts to wealthy individuals and corporate sectors would be dramatically increased, especially to the banking, energy and military segments. In short, one would implement a transfer of the state’s revenue supply obligations from the wealthiest to the poor and middle classes in order to permit an even greater transfer of wealth from the middle classes to the rich thereafter.

https://www.thestar.com/opinion/editorialopinion/2011/08/12/apocalyptic_crisis_budgeting.html