The US Debt Problem

[Mike_Hunt]

On 4/21/2025 at 2:02 PM, SiSePuede419 said:

The reason Republicans can't admit the Truth?

 

Because

no Republicans

have ever

had a balanced budget,

ran surpluses

and started

to pay down the debt.

 

Like Bill Clinton actually did.

 

Admitting the Truth would make Republicans feel

 

 

foolish,

gullible

and

used.

 

AWWW, POOR BABIES

 

BINGO. 😭

 

Why do you post these lies? 

 

List of budget surpluses since WW2

 

1947-1949: The first post-war period of surpluses, lasting three years.   Truman (D)

1956: A single year of surplus amidst a period of deficits.  Eisenhower (R)

1957: Another surplus year, following the 1956 surplus. Eisenhower (R)

1960: A surplus year during the Eisenhower administration. Kennedy (D)

1969: The last surplus year until the 1990s, marking a significant gap.  Nixon (R)

1998-2001: A period of eight consecutive years of surpluses, ending in 2001.  Clinton (D)

 

 

 

[Mike_Hunt]

On 4/21/2025 at 4:17 AM, SiSePuede419 said:

How to say you have no idea what the word surplus means without saying you have no idea what the word surplus means. 👍

The OP is correct.  

[Mike_Hunt]

On 4/19/2025 at 2:13 AM, SiSePuede419 said:

Partisan liars don't care about facts.

They will churn out more lies "Gish gallop" and shovel out more biased questions that if you answer honestly it makes them look ignorant and foolish. ✅

 

Bill Clinton (1990s): Under Clinton, the federal government ran a budget surplus for several years. His administration focused on deficit reduction, partly through the 1993 Omnibus Budget Reconciliation Act, which included spending restraint and tax increases.

 

Barack Obama (early 2010s): During the push to recover from the Great Recession, Obama supported stimulus spending, but later backed spending cuts in negotiations with Republicans—like the 2011 Budget Control Act, which imposed caps on discretionary spending (a.k.a. the "sequester").

 

Joe Biden (recent years): While the Biden administration has passed major spending bills (like the Inflation Reduction Act), it has also claimed deficit reduction—for example, in 2022, the White House pointed to a $1.4 trillion drop in the federal deficit from the previous year, largely as COVID-era emergency spending tapered off.

 

 

Individual moderate or fiscally conservative Democrats (like Sen. Joe Manchin or former Rep. Stephanie Murphy) have also pushed back on large spending proposals, advocating for smaller packages or more targeted spending.

 

So, while Democrats often prioritize different areas of spending than Republicans, there are moments where they’ve advocated cutting or restraining spending—especially when deficits or debt become politically salient.

No, Bill Clinton Didn’t Balance the Budget

 

Many in the media have flubbed this story. The New York Times on October 1st said, “Clinton balances the budget.” Others have praised George Bush. Political analyst Bill Schneider declared on CNN that Bush is one of “the real heroes” for his willingness to raise taxes — and never mind read my lips. (Once upon a time, lying was something that was considered wrong in Washington, but under the last two presidents our standards have dropped.) In any case, crediting George Bush for the end of the deficit requires some nifty logical somersaults, since the deficit hit its Mount Everest peak of $290 billion in St. George’s last year in office.

And 1993 — the year of the giant Clinton tax hike — was not the turning point in the deficit wars, either. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president’s own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook?

Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

 

https://www.cato.org/commentary/no-bill-clinton-didnt-balance-budget

[KhunLA]

Profits from wars, starting off with Vietnam, then Gulf wars, the market bail out, add ACA (Obamacare), silly covid, and last but not least, Ukraine.   Borrow - Spend - Borrow - Spend