Dragonlady
Designing Woman
Do you REALLY believe the Democratic Party is financially responsible?
I haven't done a detailed analysis of their budgets, to opine with any certainly as to whether they meet a resonable definition of "fiscal responsibility", but they are certainly far more fiscally responsible than any Republican President in my lifetime, save Eisenhauer.
No Democrat has ever crashed the economy. Three of the last 4 Republican Presidents have crashed the economy. In all cases, a Democrat has come in, cleaned up the mess, pass laws to prevent it from happening again, and gotten the economy back on track.
Republicans have come in with a robust and healthy balance sheet, and repealled the consumer protection laws passed after the last Crash, cut taxes, increased spending, and crashed the economy, and we're back where we started.
Reagan repealled all of the New Deal tax and labour codes, and set up the current system, which has transferred 80% of the wealth of the nation to the top 10% of Americans. Every Republican tax cut has further impoverished working and middle class people to the benefit of the super wealthy.
Trump SHOULD have raised both taxes and interest rates, in the boom economy he was handed, while continuing to reduce the deficit, which was still $487 billion. Instead, he cut taxes, increased spending and put it all on the national credit card. Instead of workers being given raises, and "growth on steriods", the corporate tax cuts were used for share buybacks, increasing share values, and nothing else. Trump achieved 3% growth in 2018, but never had GDP growth of more than 2.5% in 2017 and 2019, with -2,2% for 2020.
When the pandemic hit, with revenues cut to the bone, income was insufficient to cover the increased expenditures, and the national crediit card limit spiralling ever upward, the economy crashed utterly and workers again saw their savings and equity depleted, while the super wealthy made billions through interest free loans and grants.
W did the same thing, except that the budget was balanced when he took office so the deficit effect was not as bad as it was under Trump. Unfortunately, the government bailed out banks, insurance companies, and the auto industry, but working and middle class Americans got screwed when the real estate bubble burst. A mistake that Biden Harris didn't repeat in 2021.
Now the economy is back on track but still fragile. The deficiit is coming down but still WAY to high, and the debt is still going up. Trump is promising to cut taxes for the wealthy, and screw over the working and middle class again.
The definition of insanity is doing the same thing over and over again and expecting a different results. If you look at any economic number - job creation, balance of trade, stock market, GDP growth, federal budgets, from WWII until today, you have to be insane to continue to vote Republican.