Originally posted by: PJ Stroh
Not equally. Sorry. History doesnt lie.
Bill Clinton left office with a balanced budget.
W Bush started multi-trillion dollar occupancies in the Middle East and an unpaid for Medicare Part D..and massive tax cuts that killed the balanced budget he inherited.
Obama reduced Bush's deficit that he inherited by half and then paid for his primary legislative efforts in healthcare.
Trump spent his campaign crying about Obama's massively cut spending ...and then almost doubled it with a fresh new round of unreconciled tax cuts.
Biden was guilty of passing economic stimulous to get us out of COVID. OK fine.
Trump spent another campaign crying about spending only to spend more upon taking office and reinstating the unreconciled tax cuts from his first term.
Its a false equivalency to say "both parties are guilty".
I too can pull out / cite GOP favorable stats and info-sources painting a picture that favors my side. It's always an on-fire argument and one has to consider the sources used in these comparisons. Is a given D v R debt-contributing stat comparison adjusted for inflation or not? That approach can flip the equations and winners / losers from one side to the other from a historical standpoint. My overall point is there ever a winner ( the public ?) regardless which team of jackasses is pulling the fiscal wagons? IMO, all these elected reps from all sides have dropped the ball over time. Not one time in history have these goons voted to limit their own personal salaries ( often voting for salary increases in fact) or consider term limits.Those who argue that the debt doesn't matter are fools..and it's further my opinion ( and that's all it is) that we will indeed hit that fiscal wall at some near-future undefined point.
https://www.investopedia.com/democrats-vs-republicans-who-had-more-natonal-debt-8738104
From a general and historical overall policy standpoint, Dems have favored high earner and corporate tax increases, reversing previous corporate tax cuts, and enhancing IRS enforcement and closing tax loopholes as means to reduce deficits. They also like to curb defense spending and concomitantly increase general govt spending to toss in that mix. The GOP likes defense spending, tax cuts for corporations and the general public, and general reductions in overall govt spending or that's what they've always claimed. Covid era effects on debt and spending was/ is a huge spontaneous anomaly that obviously skews the blame arrow direction. These huge policy approach differences and disparities are what fuels the current divisions in general ( and in the Sink) and what makes for the incessant pissing on the other guys shoes; tell me, does that ever get old to you,PJ? We're $38+ Trillion in debt so neither damned 'party' has succeeded very well with their respective approaches ; I mean, it's been a team effort historically as I see it
Further it is NOT a false equivalency ( wow..a literary phrase; you get a star..lol) to blame both sides; I didn't claim they were equal, did I? No. So you misused your little phrase there. I think there's plenty of accumulated data ( including stats in the link I posted above) that show that , per four year term, GOP administrations have increased the federal deficit slightly more vs the Dems. Yet, if one considers inflation the horizon changes.
Is it just that you want someone to say that Trump has spent too much / added massively to the debt? I'm sayin it. But if you think Dems haven't significantly contributed to deficits as well, you ignore history in your own partisan way.
