I would be okay with that party fiscally but it would need to be extremely more socially liberal since they were quite the bigots/racist/sexist.
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That was arguably the most fiscally irresponsible time ever, but that's an entirely separate point.
I don't see us ever going back to the bigotry and racism of the 80's. My vision for the party is more along the lines of actually putting their money where their mouths are. They claim to want to help people succeed (teach a man to fish...) but they try to starve those they look down on. We didn't do that in the '80's, we tried to help people lift themselves out of poverty. The party of today has tried to dismantle every accomplishment it made in the 1980's. Hell, Obama-Hillary care was a product of conservativism and now all they can do is scream about it?
It's the way of the world. The snaking river always changing course.