Quote (thundercock @ 12 Oct 2020 04:57)
Republicans have added more to the debt than Democrats by a substantial margin. They are criminally negligent with our future.
That's an incredibly flawed metric since it cannot account for policies with long-term effects, nor can it factor in non-political explanations.
For example, it was the hawkish - and yes, expensive - policies of Reagan which brought the Soviet Union to its knees and ended the Cold War, which in turn enabled Clinton to reap the 'freedom dividend' during the 90s. Similarly, Clinton was simply lucky to preside over the decade during which the boomers, the largest generation in American history, entered their peak earning years. In the same vein, GWB has not contributed a lot to the financial crisis of 2008, the blame has to mostly fall on Reagan and Clinton who are responsible for the bulk of financial market deregulation. And last but not least, Trump or Biden will preside over huge deficits in the aftermath of the corona recession, with neither of them being at fault.
This post was edited by Black XistenZ on Oct 12 2020 03:50am