Sun Devil 92
Diamond Member
- Apr 2, 2015
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- #61
GWB was a moron. He had almost no debt when he took office.
I think W was a very bad president so I don't want you to interpret what I say as defending him. However what is your definition of 'almost no debt'? Our national debt was certainly lower back then but over 3 trillion is hardly anything close to almost no debt.
Of course with Trump before COVID we were heading towards trillion dollar deficits. Those tax cuts really kind of fucked us over now, huh?
Our projections were that on the current course, we would have reduced the debt to zero in three years.
Of course, that didn't take into account the mild corrections that were already happening when Bush took over.
Nevertheless......don't you think we'd love to ONLY be 3 trillion in debt right now ?
And yes....those tax cuts really did do some major damage.