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Clinton's tax increase cost the Democrats the House in 1994. Obama clearly did increase the deficit as national debt went from $10T to $19.5T during his tenure
by chrisco255 5y ago
Clinton's tax increase cost the Democrats the House in 1994.
Obama clearly did increase the deficit as national debt went from $10T to $19.5T during his tenure. In other words, the debt increased by nearly as much as every president prior to Obama. Of course, we seem to find ourselves on an irreversible debt slope that is
rapidly accelerating and I suspect that every future administration will outspend the one prior.
- rsj_hn 5y ago> Obama clearly did increase the deficit as national debt went from $10T to $19.5T during his tenure. To discuss this without mentioning the Global Financial crisis seems a bit disingenuous. I'm no fan of Obama but this is not a valid criticism, IMO.
- CalChris 5y agoYes, Clinton's budget, his tax increases and defense spending cuts, they did cost the Democrats the House. Gingrich voted against that budget, then campaigned against it, winning the Speakership, then shut the government down over it, twice, and then after it turned a profit, tried/tries to take credit for it. Obama didn't increase that debt by spending. He did it by inheriting Bush's Great Recession with its sky high unemployment and lack of tax revenues. He managed to decrease the deficit each year until his last. Obama's singular spending initiative, the ACA or Obamacare, is dirt cheap compared to the $6T of the wars in Afghanistan and Iraq. And then there's Medicare Part D. BTW, the ACA cost the Democrats the House as well. Some things are worth fighting for.