The reality is that we had low debt and no fiscal problem before Reagan; then an unprecedented surge in peacetime, non-depression deficits under Reagan/Bush; then a major improvement under Clinton; then a squandering of the Clinton surplus via tax cuts and unfunded wars of choice under Bush. And yes, a surge in debt once the Great Recession hit, but that’s exactly when you should be running deficits.
The point about the fake history that expunges the Clinton years is that it turns the budget into a story in which nobody is at fault because everyone is at fault, and the problem is a generic issue of runaway spending. No, it isn’t; we would have come into this crisis with very little debt if the GOP hadn’t always insisted on tax cuts.
This is not complicated.
Agreed. Especially with the part about it not being complicated.
Its just like tech journalists who will short a stock (or advise others to do so) before they write an article about something surely to remove value from the stock of a company.
The more the GOP talks about a bad economy, the longer it will STAY a bad economy, because keeping people scared stops them from spending. You’re not going to go and buy a new car or washing machine today if you’re afraid you won’t be able to afford milk next month.
I spent a total of 20 minutes watching Fox talk about this bullshit today while in the dentist’s office. Mixed with my usual anxiety about that particular trip, it was enough to almost make me throw up.