Quote:
Originally Posted by Inso0
I can appreciate someone just trying to cheerlead for their team, but let's not try to pretend like democrats are the party of fiscal responsibility.
Like, we're sitting here bitching about Trump and a $2 trillion dollar stimulus, but the left wanted $2500/mo for every man woman and child in the country for the entirety of the COVID scare? It's spending that you'd have agreed with perhaps, so you can look the other way.
I have a several hundred million dollar democrat boondoggle roll past my office window every 20 minutes here in downtown Milwaukee.
Tell us more about the fiscally sound Clinton presidency, Grandpa Cuepee. More like: Thank you welfare reform, the 90s tech boom and higher tax rates, and a distinct lack of military conflict.
Clinton kicked people off welfare to increase labor participation rates. Your next progressive heroes are ready to implement a system by which everyone gets paid a "livable wage" for simply existing. What could possibly go wrong?
Your analogy was just very very poor. Dems don't try to fix deficits with reduced spending, they increase revenue via taxation.
Fun thought experiment. Can you imagine if the Clinton era welfare reforms had been proposed by a modern day Donald Trump? We'd have to come up with a new word for racism, sort of how "ginormous" made its way into the lexicon because giant and enormous weren't descriptive enough.
I am not a Dem. Don't confuse my dislike of Trump for being a Dem.
I don't care about your spin of the facts. Here are the facts.
GOP Presidents Have Been the Worst Contributors to the Federal Debt
Republican presidents have added far more to federal debt levels than Democrats, as a percent of GDP...
In terms of total increase in "federal debt to GDP" under U.S. presidents in the post-World War II era, Republican presidents during their terms have contributed far more to the debt load of the nation than Democrats.
Gerald Ford, Ronald Reagan, George H.W. Bush, and George W. Bush all added to the federal debt significantly on a percent of GDP basis. On the Democratic side, President Obama -- who inherited the worst financial crisis in this era from his predecessor -- also ranks high in terms of contributing to the federal debt as a percentage of GDP.
Who reduced debt as a percentage of GDP the most?
When comparing by presidential term as in the chart to the side (click image to make larger), the big winner is Harry Truman, followed by Bill Clinton. Eisenhower is next, followed by Johnson and Nixon, the Kennedy, and finally Jimmy Carter. All of these presidents reduced debt as a percent of GDP.
...When looking at the charts this way, it is fascinating to see what a stand-out the Bill Clinton presidency was in balancing the budget and achieving revenue surpluses.