Mac-7
Diamond Member
- Oct 9, 2019
- 66,866
- 48,616
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Spending is out of control which is driving the debt crisisAmerica has a major debt crisis and our debt and yearly deficits are out of control, as we all know.
The problem is only set to get worse and may represent the next major GW Bush style financial crisis.
Both parties have been bad on the deficit, but one party is significantly worse in every way possible.
Reagan started the era of the massive deficit, Reagan was the first king of debt and Reagan started the era of big deficits
Bush then took it to another level as Bush started his presidency with the Bill Clinton balanced budget that the great Bill Clinton gave us, and left office with trillion dollar deficits.
Trump took it to another stratosphere when he inherited the $600B/yr deficit that Obama lowered from the massibe Bush deficits, and Trump exploded the deficit before covid hit with massive massive spending bills.
By the time covid hit the US was set to run a trllion dollar a year deficit, and then Trump exploded that to $3T/yr.
3 republican presidents. 3 mega massive deficit increases ontheir watch, with their approval of all of it. No republican can admit this. They all lie and try to blame dems, pelosi, covid, Bin laden, minorities etc. Republicans even have the nerve to shut down the government because they don't want to pay for all the massive spending programs they passed under Trump's watch.
Our debt and deficit crisis will never get fixed until republicans admit they are the party mostly responsible for exploding the deficit. The republicans are going to keep exploding the deficit with their massive spending programs because they also get to somehow lie and blame democrats for all their deficit explosion.
For this reason the deficit will be the next GW Bush style mega crisis, because republicans know they can explode the deficit, blame it on the dems, and get away with it because their easily manipulated gullible supporters do not want to hold them accountable.