"Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other… It is between two kinds of deficits—a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy—or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, produce revenues, and achieve a future budget surplus. The first type of deficit is a sign of waste and weakness—the second reflects an investment in the future."
It's certainly not President Obama for whom "investment in the future" means "tax-and-spend." Actually, that's not fair to the President. His style is to SPEND first, and tax later. (Can't you see his reelection campaign slogan now?: "Spend-and-Tax--A Change Liberals Can Believe In!") If you guessed President Kennedy, you are absolutely right. He was a supply sider before there was a term for it. The media has been working even harder than usual to link the two presidents in the public's consciousness. But, there are substantive differences between them as the quotation above attests. Their similarities are superficial. For instance, both were blessed with charisma, and both are gifted orators. But, JFK had class. BHO has style. Noman says that the difference is one of kind, rather than degree.