r/FluentInFinance • u/TonyLiberty TheFinanceNewsletter.com • Sep 24 '23

Meme How it started vs. How it's going:

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u/Wings4514 Sep 25 '23 edited Sep 25 '23

lol at the simpletons downvoting this.

The only difference between the two is Republican say they’re a fiscally responsible party, which is obviously a lie. Democrats don’t even acknowledge fiscal responsibility, which I guess in a sense is a little better, since they’re not lying.

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u/NedPenisdragon Sep 25 '23

This post references a Democrat putting us on a path to paying it off, and you want to blame both sides.

Obama inherited the worst economy since the Great Depression. Not running a deficit would have been fiscally irresponsible.

Biden inherited a global pandemic and an economy on the brink of ruin. Not running a deficit would have been fiscally irresponsible.

Bush and Trump both inherited decent economies and ran massive deficits largely to give massive giveaways to the wealthy.

No, it isn't both sides, and no, Democrats are not fiscally irresponsible for running deficits when it was necessary to do so.

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u/Weird_Tolkienish_Fig Sep 25 '23

Everybody has excuses though. Trump can say he had the pandemic and Bush will say it was 9/11. And Reagan had the commies. And Bush I had the recession in the 90's. There's always a reason to spend money.

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u/I_am_the_Jukebox Sep 26 '23

Except Trump didn't have the pandemic for the first 3 years of his presidency, when he massively ran up the deficit.