Quote (Skinned @ 6 Feb 2020 03:41)
Ok. Bush and Reagan were fiscally responsible.
Sure.
Bill Clinton wasn't.
Ok.
Clinton happened to preside over the time period during which the post cold war boom coincided with the peak earning years of the baby boomers, the largest cohort in american history.
He signed NAFTA into law, his presidency saw large-scale deindustrialization which weakened the country's tax base, and he further deregulated the financial markets, which added further fuel for the great recession that was to follow 10 years later.
tldr: he had lucky timing, and his economic sins happened to materialize only years after he had left office.