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Very appropriate article on tax day, I know presidents don't control deficits it's up to congress but they certainly make policy decisions that lead to deficits. Seems like the best of all worlds are a democratic president and a republican congress, worst when one party is in complete control.
Interesting graph going back to the 1970's
Quote:
Over the last few decades, Democrats have repeatedly reduced the deficit. They have raised taxes. They have cut military spending and corporate welfare. Some of them have even tried to hold down the cost of cherished social programs. Obamacare, for example, included enough cost controls and tax increases that it’s cut the deficit on net.
So it is with budget policy. Get this: Since 1977, the three presidential administrations that have overseen the deficit increases are the three Republican ones. President Trump’s tax cut is virtually assured to make him the fourth of four. And the three administrations that have overseen deficit reductions are the three Democratic ones, including a small decline under Barack Obama. If you want to know whether a post-1976 president increased or reduced the deficit, the only thing you need to know is his party.
and yet clinton and obama both doubled the national debt in their time in office, just like republicans did. fail.
Obama did so because of the prior presidents poor job performance that crashed our economy.
As for Clinton, you are just flat out lying.
Bill Clinton:
Took office 20 January 1993. Total debt: $4,188 billion
Left office 20 January 2001. Total debt: $5,728 billion
Percent change in total debt: +37%
Why do you find it necessary to claim such nonsense?
ok i will concede on clinton. but obama could have done far better on the fiscal front than he did.
How? He could not get the Republicans to even pass a budget for him to vote on, and he was trying to deal with a country pourig money into large wars while undergoing a major financial event. And despite all of that the deficit fell almost every year, down to 500 billion...Trumps instantly blown that out of the water.
How? He could not get the Republicans to even pass a budget for him to vote on, and he was trying to deal with a country pourig money into large wars while undergoing a major financial event. And despite all of that the deficit fell almost every year, down to 500 billion...Trumps instantly blown that out of the water.
he couldnt get DEMOCRATS to vote on his budgets either. every budget proposal that obama sent to congress was virtually unanimously voted down.
he couldnt get DEMOCRATS to vote on his budgets either. every budget proposal that obama sent to congress was virtually unanimously voted down.
Name one president who passed his actual budget? Presidents can propose budgets, they always get killed.
Or were you unaware? Did you think that failure was something unique to Obama? LOL.
The presidential budgets lay out presidents first shot at guessing it, and are a good guide of what agencies are asking for. The house and senate decide the budget though. They never even tried to send him one.
If Democrats were fiscally responsible they wouldn't have screamed bloody murder about the sequester, which saw overall government spending still rise.
Both parties can point to stats that favor them...these are just distractions for the hyper-partisans...while both parties rob our future.
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