Unemployment at a 26 year high (9.7%)

[halogamer1989]

Bitmap Frogs said:

HappySqurriel said:

Actually, I thought no president had actually paid down the debt or ran a balanced budget in recent history and the only reason presidents look like they're reducing debt by your measure is because the debt is increasing at a rate below the rate GDP is increasing.

 

Regardless, this does demonstrate my point in that no president in recent history has been a fiscal conservative because that would require the government to reduce spending at a rate greater than taxes are reduced; which would result in smaller government, lower taxes and a balanced budget.

 

Clinton did run a balanced budget, he didn't use the surplus to reduce debt tho.

But the point stands, the whole "republicans are fiscal conservative while democrats run the nation into debt" is a myth that gets votes for the GOP while the dems actually work towards balanced budgets. Until Obama, of course.

Yeah he ran Newt's balanced budget after he submitted to triangulation (move to the right).