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> A serious problem, if you’re concerned about debt and deficits ... is that, aside from the late 1990s, revenues haven’t kept up with spending since around 197

> A serious problem, if you’re concerned about debt and deficits ... is that, aside from the late 1990s, revenues haven’t kept up with spending since around 1970. They took hits from George W. Bush’s tax cuts after 2001 and from Trump’s after 2017... Spending % has been flat for 50 years, but Republicans keep worsening the deficit with unfunded tax cuts.

water9 2y ago
[flagged]
- oblio 2y ago
  The thing is... If it's the Democrats' fault, why did spending also increase under Republican administrations?
  - water9 2y ago
    Because of Covid
    - oblio 2y ago
      And Reagan? And Bush (both of them)? Come on. https://www.ft.com/content/afef409e-f758-11e9-9ef3-eca8fc8f2d65 https://www.ft.com/content/afef409e-f758-11e9-9ef3-eca8fc8f2... The surplus you see there was during Clinton, you know, a Democrat. And the huge drop during Obama was because... Bush repealed several Depression era bank regulations that led to the Global Financial Crisis. Democrats are "tax and spend", Republicans are "reduce taxes for the rich, spend as much as Democrats, say we don't spend".