The federal government has achieved fiscal balance (even surpluses) in just seven periods since 1776, bringing in enough revenue to cover all of its spending during 1817-21, 1823-36, 1852-57, 1867-73, 1880-93, 1920-30 and 1998-2001. We have also experienced six depressions. They began in 1819, 1837, 1857, 1873, 1893 and 1929.
The one exception occurred in the late 1990s and early 2000s, when the dot-com and housing bubbles fueled a consumption binge that delayed the harmful effects of the Clinton surpluses until the Great Recession of 2007-09.
Yeah on paper he was really solid, but even when he was relevant the animaniacs had a reacurring bit about him playing the sax. There were more jokes about him being first lady than there was coverage of Hillary’s platform when she ran for president. He’s only reappearing because again, people ate joking about him being the bubba trump felated. He’s only still culturally relevant as a joke.
The last president to balance the budget, stepped down at the first sign of controversy.
https://www.savannahnow.com/story/lifestyle/columns/2012/12/26/kelton-balanced-budget-huge-mistake/13649382007/
And the Tax Increases under Clinton as a continuation of the 1993 tax increases.
If the economy booms and we cut taxes, like conservatives did before the 2008 financial crisis, then the deficit will still increase.
Are you thinking Bill Clinton stepped down? Or are you saying Richard Nixon was the last president to balance the budget?
Bill Clinton stepped down.
There has never been a successful vote to remove a sitting president.
Clinton didn’t step down, he served until the end of his term.
Oh dang he did. Misremembered.
Did you think W. was his VP or did you think Al Gore was president for a moment?
Does it matter? We writing out fanfics together?
Just interested. If you’re not up for sharing, that’s fine. Have a good day.
Hey we got our first case of the mandela effect on Lemmy. Welcome to our timeline!
Yeah on paper he was really solid, but even when he was relevant the animaniacs had a reacurring bit about him playing the sax. There were more jokes about him being first lady than there was coverage of Hillary’s platform when she ran for president. He’s only reappearing because again, people ate joking about him being the bubba trump felated. He’s only still culturally relevant as a joke.
He’s only solid on paper if you don’t read that paper. In reality he was basically Reagan 2.0.
Hard disagree, Clinton raised taxes while Reagan gutted them with a rusted jagged blade.