r/PoursTea • Timendi Causa Est Nescire • 1d ago

PoliticalTea 🗳️ The Gipper's legacy...

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u/daviddisco 1d ago

He didn't do anything to make up for it. He simply left us with a massive deficit.

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u/Explorers_bub 10h ago

When National Debt went from B to T and now $1T in interest and growing yearly because Republicans keep doubling down.

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u/daviddisco 6h ago

Yes, though I think besides Clinton, no one has reduced the deficit. It was Reagan who first established that cutting taxes and raising spending at the same time would win elections. After that everyone followed that lead except Clinton.

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u/Explorers_bub 6h ago

I am going to stop you right there. Deficit is for the year. Debt is the running 250 year total.

Barring a year or so that W didn’t but more than made up for, Republicans increase the Deficit every year, aka dig the hole deeper. The dirt yeeted right out and making the rim higher as well. And then walk away with a recession.

Democrats have to actually govern and spend on infrastructure and keep the hole from burying us alive in a Depression but they do manage to reduce the deficit. The only way to dig out of the hole is to make it wider and backfill to raise the floor as you go but that doesn’t happen for long before Republicans steal the shovels again.

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u/daviddisco 5h ago

I did use a few words wrongly. Since Reagan, Clinton was the only president to preside over a budget surplus. I think I worded it right this time.