Carter tried to balance the budget and got his ass handed to him. It's been voodoo economics ever since.
#47 | Posted by lee_the_agent
Reagan blew that up with our first $1T national debt.
Clinton was very successful and left office with two consecutive years of budget surpluses.
His last fiscal year came in under budget ($1.6), and when he left office America had $5.6T in total debt. He also left a plan to pay it off in a few years.
Bush and a GOP unitary government more than DOUBLED the budget and more than DOUBLED the national debt
Their last fiscal year had a deficit of $1.4T, with and systemic deficits and mounting debt in their wake.
Dick Cheney even said (out loud!), "Ronald Reagan proved deficits don't matter."
Republicans have only cared about deficits when a Dem was in office. Under unitary control, Bush/Trump/GOP eagerly enacted 4 huge tax cuts, the result of which is our ungodly huge national debt.
