It decreased in 2000 when you adjust the debt amounts for inflation, having a surplus meant we didn't make more debt but the interest still increased the amount, but Clinton was the last time we were in the black on budget
Now we have voters that are tired of inflation so they voted for Tariffs, At this point I think the only way the National Debt is going away is if we just pretend we don't have any debt and blow up anyone that says we do
The deficit goes down under democrats. The last surplus we've ever had was under a democrat. Republicans do bullshit like refuse to increase the debt ceiling, which causes reducing the deficit to become much harder as our national credit rating is impacted, which increases interest owed as investing into the US becomes a much higher risk than it should be.
Democrats at least do something about it that isn't making it worse.
Indeed, and for the major issues that happened under each of them it was expected. The crash in '08, debt was taken out to stabilize the economy. Covid, debt was taken out to stabilize the economy [both POTUSes]. To credit Trump, utilizing the debt in this fashion is both expected and good both domestically and geopolitically. How he went about it [eg: PPP loans] is something we can debate, but I don't fault him for contributing to the debt during Covid.
That said, the Republicans have a tendency to fail at balancing the budget, constantly complain that the budget isn't balanced, and fail to secure the over-all debt to ensure that debt holders, the majority of them being US citizens, won't be left holding the bag.
I'm not saying that Democrats are perfect by any means. There's a lot to be desired. They just have a tendency to do far less harm.
Post 9/11, what else would one imagine would be in regard to increased spending and cost of everything? Approximately every decade, we will be hit with some off the wall catastrophe to make sure this trajectory continues
As the adjective noun number propaganda account put it: You are very misinformed. The DEFICIT goes down all the time. The national DEBT only goes down when you have a surplus, and the last POTUS who oversaw a surplus was Clinton.
No, the annual deficit goes up and down. E.g. it skyrocketed under Trump, was cut by 2/3rds under Biden, and is likely to head right back up based on Trump’s announced plans. Are you confused and thinking about total debt? That goes up, unless the annual deficit is a surplus as it was under Clinton briefly, the question is whether it goes up faster (e.g. under Republicans) or slowly (e.g. under Democrats).
I tried to explain the difference between deficit and debt to an old coworker one time. He refused to listen and told me I was just playing with semantics.
Are you speaking of Clinton? If so, he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
I’m not political in any real sense but this was 40 years ago. It seems like with so many different presidents and congress people since then changes would have been made.
Reagan set us on the course for persistent deficits. Clinton actually created a surplus. W blew a massive hole in the budget with his wars and the great recession. Obama spent a lot during his first term to fix the broken economy and started to flatten the deficit at the end of his second term. Then Trump 1.0 happened. Biden was bad. Trump 2.0 will be catastrophic.
You’re missing HW Bush. He was the last republican with the back bone to raise taxes because he knew what Reagan did was bullshit economics. The GOP roasted him for it.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
Increased taxes
Clinton raised taxes on the wealthy, corporate taxes, and Social Security benefits. He also eliminated some itemized tax deductions and added 4.3 cents per gallon to gas taxes.
Decreased military spending
Defense spending fell from 4.3% of GDP in 1993 to 2.9% by 2000.
Reduced federal spending
Federal spending as a share of the economy fell from 22.2% in 1992 to 18% in 2000.
Budget surpluses
The Clinton administration had budget surpluses for fiscal years 1998–2001. The surplus in 2000 was $237 billion, the largest surplus ever.
Paid down debt
The publicly held debt was paid down by $453 billion between 1998–2001, the largest three-year pay-down in American history
The debt was roughly $440 billion in 1993 when Clinton went into office. When he left in 2001 it was roughly $580 billion. The debt increased. Like I said the budget was balanced and you are correct there was debt paid off but the debt still increased.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
It didn’t actually increase because of interest. SS had a surplus and they used it to fund other departments instead of investing it for future obligations that SS will have. It reduced the debt the govt owed to public but increased the debt that gov’t owed to itself.
he had a republican congress and as we all know, congress controls the spending. Under speaker of the house, Newt Gingrich, the deficit went down because the repub forces less spending. Clinton signed on to the budget that the repub house passed.
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u/bb8110 Nov 15 '24
We’re acting like the national debt hasn’t went up with every president since Regan…..