this post was submitted on 11 Feb 2024
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Another thing that might have been different with a Gore win: when Bill Clinton left office, the federal government did not have a balanced budget - it had an actual budget surplus of hundreds of billions of dollars. With a continuation of that type of fiscal "conservatism", we could today have been debt-free as a nation. Instead, we have a debt of $34 fucking trillion.
Should be very clear that both parties are very equal in the growth of the debt.
No they're not. Deficits like this are from not taxing the rich and corporations. Trump alone is like 40% of the deficit because of this.
I would love to see what the actual contribution is for each party that controlled Congress/Presidency. While I'm sure there is spending that gets bipartisan support, I think the majority of the deficit in the last 20+ years has come from either wars initiated by Republicans and/or tax cuts (also initiated by Republicans).
It's not that detailed, but you get the picture.
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/
All the spikes are from economic bailouts, well supported by both parties. That's clearly indicated in 2008 as both bush and Obama supported the bailouts.
However tax policy certainly differs.