2 Comments
User's avatar
⭠ Return to thread
Travis's avatar

Reagan: Budget deficits in good economy after inheriting bad economy (kind of like Obama)

Bush Sr: Budget deficit in good economy

Clinton: Budget surplus, good job buddy

Bush Jr: Budget deficits in good economy, leaves shit economy behind at the end

Obama: Budget deficits, then deficits close at fastest rate since end of WW2, leaves good economy behind

Trump: Massive budget deficits in strong economy, then CV happens, Uncle Sam's money machine goes Brrrrrrrrrrrr

Biden: Massive budget deficits in weakening economy, inflation skyrockets at fastest pace since beginning of Reagan largely because of massive deficits during already hot economy across last two administrations

This concludes a history of government spending since I've been alive. As you'll note, the GOP has a long history of running gov deficits in good economies, and the only budget surplus was under a dem president, while the fastest-shrinking deficit was also under a dem president.

Expand full comment
Josh's avatar

It sure seems like people who think fiscal oligarchy is a good thing and argue in favor of it have a tendency to pour money buckets on oligarchs when in power.

Expand full comment
ErrorError