When the Republicans have the White House they run up the debt. When Busch 1 began running up the debt, Chaney explained “Reagan has proven that Deficits Don’t Matter". They only become an issue for Republicans when a Democrat is in the White House and the bills need to be paid. Then they do this charade so that they can blame the Democrats and make points for the next election.
Reagan took the deficit from 70 billion to 175 billion.
Bush 41 took it to 300 billion.
Clinton got it to zero.
Bush 43 took it from 0 to 1.2 trillion.
Obama halved it to 600 billion.
Trump got it back to a trillion.
Biden reduced it $350 billion his first year in office. And the budget office expects to see it drop by another 1 trillion, 500 billion dollars – the largest drop ever. This is despite a $1.9 Trillion pandemic relief package. The Republicans screamed about this at the time, but it is credited with funding a faster recovery than anywhere else in the world, and actually decreasing the debt further.
When the Republicans have the White House they run up the debt. When Busch 1 began running up the debt, Chaney explained “Reagan has proven that Deficits Don’t Matter". They only become an issue for Republicans when a Democrat is in the White House and the bills need to be paid. Then they do this charade so that they can blame the Democrats and make points for the next election.
Reagan took the deficit from 70 billion to 175 billion.
Bush 41 took it to 300 billion.
Clinton got it to zero.
Bush 43 took it from 0 to 1.2 trillion.
Obama halved it to 600 billion.
Trump got it back to a trillion.
Biden reduced it $350 billion his first year in office. And the budget office expects to see it drop by another 1 trillion, 500 billion dollars – the largest drop ever. This is despite a $1.9 Trillion pandemic relief package. The Republicans screamed about this at the time, but it is credited with funding a faster recovery than anywhere else in the world, and actually decreasing the debt further.