It's a beautiful debt, the likes of which have never been seen before. It's the greatest debt in the history of the world. There's no debt like it anywhere.
This thread is based on a bs theory you dreamed up based on what you wanted to hear and bitch about on here. Just shut up you are in over your head.
Pointless point. Tax cuts that are not paid for with spending cuts do add to the debt. Fack deficit bullchit. That is only year-to-year accounting. The debt is forever. And so is this discussion.
No. In the normal course, tax cuts by themselves do not generate sufficient revenues to cover them, except possibly in extreme taxation circumstances, which these are not.
Clinton turned a multi hundred billion deficit into a multi hundred billion surplus in part by ending some of the Reagan tax cuts and Obama turned a 1.4 trillion dollar deficit into a 585 billion dollar deficit in part by ending some of the Bush tax cuts. Biden should have demanded an end to some of the Trump tax cuts during budget/debt ceiling negotiations like Clinton and Obama did.He didn't and thats one of the many reasons why he is by far the worst Democrat president ever and a 1 term Democrat President.Biden didn't seem to get the memo that getting more government healthcare,raising taxes and lowering the deficit gets a 2nd term.
Clinton turned a multi hundred billion deficit into a multi hundred billion surplus by playing accounting games and moving money over from the social security trust fund and leaving an IOU note. It was all smoke and mirror accounting games. This has been covered in detail previously. The Myth of the Clinton Surplus http://www.craigsteiner.us/articles/16
They all take from the social security trust fund and leave an IOU note Sir.If you want to argue that Clinton's budget wasn't as good because of that fine,it just makes the Republican Presidents deficits even worse.
I am not going to defend the tax cuts of recent Republican presidents. However I will outline that Clinton's "surplus" was a shell game. This is different than Obama's deficit reduction which was real.
Again,from your article,they all do it.Clinton is still the only one who can claim a surplus under the system used,no Republican President can come close. Unlike Reagan, Bush and Trump the deficit was lower when Clinton left office than when he took office,by any accounting measure.