Party with power spends money. Party not in power complains too much money is being spent. Broken system. Those high interest rates ought to teach them pretty soon.
A lot of deficit spending accelerated with Reagan, when mortgage interest rates were 18%. Yeah, high interest rates will learn ‘em real good this time.
The deficit has far more closely followed tax cuts than anything else.
Could you tell us about any passably-comparable situations, where high interest rates actually taught a national government to grow up and behave?
Why do people always assume every single issue is symmetrical both party issue regardless of what reality is?
Well.. not quite. Clinton actually did something about the deficit.
Well, Clinton took over when the Soviet Union had just dissolved. Of all US Presidents, he had the least to worry about on the defense front. Reagan's spending was a reason why the Soviet Union collapsed when it did. So it's not that black-and-white.
The Soviet Union was collapsed for a long time though :P
There's also a revenue side to the deficit.
Way too reductive. Look at the deficit growth numbers under democrats vs republicans. This comment is just another variant of lazy "both-siderism" that I have really come to loath