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GOP presidents have exclusively been deficit spenders starting with Reagan, who reversed the decades long trend of paying off WWII debt and handed off a massive
by anonporridge 6y ago
GOP presidents have exclusively been deficit spenders starting with Reagan, who reversed the decades long trend of paying off WWII debt and handed off a massive expansion of the national debt to GDP ratio after his terms.
I believe Clinton is the only president in the past 50 years who has ever presided over a government surplus.
GOP; gaslight, obstruct, project.
- chrisco255 6y agoClinton was kept in check by a republican Congress beginning in 1994. Remember our government isn't just one person.
- LukeShu 6y agoWow, I didn't realize how rare it's been for the Senate and the House to both be Republican. Only 7 times since 1955: 104th-106th (1995-2001), 108th-109th (2003-2007), and 114th-115th (2015-2019). (To be fair, during my lifetime, that's been about half the time.)
- chrisco255 6y agoYeah after FDR in the 40s, the Democrat party enjoyed a long regime of dominance. That trend didn't reverse until Reagan in 1980 and it would still take a decade or so more before that shift began to reflect in state and local elections as well.
- anonporridge 6y agoThis only gives more credence to the fact that Republicans are actually not fiscally responsible at all. Only after Reagan did the era of responsibility end, https://zfacts.com/wp-content/uploads/2020/04/2020-04-30-National-Debt-to-GDP-zFacts.jpg https://zfacts.com/wp-content/uploads/2020/04/2020-04-30-Nat...
- anonporridge 6y agoSo why did Reagan, the Bushes, and Trump all fail to keep themselves in check as leaders of the party that claims to value fiscal responsibility?
- LukeShu 6y agoIndeed, FY1998, FY1999, FY2000, and F2001 are the only years of since FY1969 for which the federal government ran a surpluss rather than a deficit. George W. Bush, not Clinton, presided over most of FY2001; but he inherited the FY2001 budget from Clinton. Source: https://www.govinfo.gov/content/pkg/BUDGET-2021-TAB/pdf/BUDGET-2021-TAB.pdf https://www.govinfo.gov/content/pkg/BUDGET-2021-TAB/pdf/BUDG...