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historycat95 t1_j5bpjzv wrote

Correct.

Now look at deficits. Debt keeps going up until we decrease deficits.

And one party has a great track record of decreasing deficits for the past 40 years of White House control.

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LoveTendies t1_j5brtuy wrote

While the other party has a great track record of massively cutting taxes mostly for the extremely wealthy, sending the deficit through the roof. Case in point, we had a budget surplus when Clinton left office. W said that meant Americans were being overcharged and pushed for big tax cuts, putting us right back into deficits. Most recently Trump did it, making a big deficit bigger.

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DCBoyz4life t1_j5dls9w wrote

Clinton did a lot to accomplish that like selling off emergency oil supply and huge cuts in military spending. Not saying right or wrong, just that he didn’t wave a wand to magically cut the deficit.

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gnugoo t1_j5enq04 wrote

Yet despite the massive corporate tax cuts, the layoffs still came.

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Zarathustra30 t1_j5ccr4d wrote

This is why Calculus/DiffEq should be taught in high school. Related rate problems describe the universe. You can't just look at totals, but rates of change.

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urban_snowshoer t1_j5biovf wrote

You want to talk about how to cut expenses, raise revenue, or both to reduce the debt fine but that's a seperate dicussion from the debt-ceiling.

The debt ceiling pertains to spending already incurred--paying your credit card bill in a sense--and it should go without saying that not paying your liabilities results in a default.

Unless the party in power wants the U.S. to default, of course they're going to increase the debt-ceiling.

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NorthImpossible8906 t1_j5biwyq wrote

US debt increases are independent of party in power, except for the fact that republicans increase the debt, while democrats decrease the debt.

by the way, this is not "data is beautiful".

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NinjaLanternShark t1_j5bmvl7 wrote

The chart in the linked article is pretty nice.

The point, remember, is attractive and informative visualizations, not data/facts that you like.

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[deleted] t1_j5cz1p7 wrote

It's insanity. We put the people that can't get enough in charge of everything and now they have almost everything, but they don't have enough yet.

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Lolwut100494 t1_j5fyzuy wrote

How did US national debt increase during Clinton when he ran a surplus?

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JohnGB t1_j5eazk9 wrote

That's because the US only has one party with two different wardrobes designed to distract the voters from the real issues.

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teh_lynx t1_j5bo7g2 wrote

Not news. Both parties love a blank check. The debt comes from unchecked madmen who continue to increase the debt ceiling to reclassify their own contribution to our "debt".

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HaikusAreMyKink t1_j5bvj8f wrote

This just isn't true. It's bizarre that you would claim something so patently false.

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