Quote:
Originally Posted by Got Stripers
Recap Bill balanced our budget and Trump has put our country into debt and the economy in ruin, does that basically sum it up?
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No it doesn't. The congressional "budget" and the national debt are two different things. Congress, during Clinton's tenure, added to the national debt. The Congresses following Clinton to now added progressively larger amounts to the national debt. So Congress, not Trump, has put our country into debt.
And I'll give the Congress a break on the economy supposedly being in ruin. The worldwide economic destruction caused by the covid pandemic is responsible for that. Although the large stimulus that Congress passed sure did add a lot to the debt, but possibly kept the economy from being totally destroyed.
Congress, not the President is responsible for the budget. And Congress has not passed an annual budget since 2008, but has just passed continuing resolutions.
According to CSN news, "Many leading Democrats in Washington these days like to point to the fact that the federal budget was balanced for part of the time that President Bill Clinton was in office. What they do not mention is that those balanced budgets occurred only when Republicans controlled both houses of Congress. [ergo, in fact, the Republicans were responsible for the balanced budgets, Clinton merely signed them.]
In fact, according to the historical data published by the Office of Management and Budget in the Obama White House, no Congress in which the Democrats controlled both the House and Senate has balanced the federal budget since fiscal 1969--more than 40 [now 50] years ago."