Quote (dro94 @ Nov 8 2020 10:17am)
It's funny how all that free shit Obama gave out reduced the deficit massively and then 4 years of a Republican in charge has resulted in a huge increase in deficit spending. The Republicans gave out free shit to military contractors and the 1% through tax cuts.
Reducing the deficit after one of the biggest financial crisis in the last century isn't difficult, it's pretty much expected, pull up a chart highlighting a recession and the subsequent years.
Same thing will happen now, deficit and debt exploded in 2020 and Biden will have historic decreases in the deficit in subsequent years.
I'm against military spending but let's put it into context, it's 3.4% of total GDP in the US.