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re: Why did we drift away from the 1990s paradigm of shrinking budget deficits?

Posted on 3/7/22 at 8:32 am to
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
76459 posts
Posted on 3/7/22 at 8:32 am to
Repubs were tired of "starving the children" and "killing old people" so they started writing checks too.
Also easier to fund the "Endless Wars".
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 3/7/22 at 8:32 am to
Republicans like war?
Democrats like war?

Pick one and apply as needed to explain every year
Posted by BigJim
Baton Rouge
Member since Jan 2010
15075 posts
Posted on 3/7/22 at 8:33 am to
quote:

The voters do not care enough to make it a priority.


Because they won't have to deal with any debts incurred (that's for future generations) but it would mean voters paid more taxes or got fewer services. It is a structural flaw in the system.

We need a balanced budget amendment.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
95637 posts
Posted on 3/7/22 at 8:33 am to
quote:

Looks like it shrunk pretty good from 2010 to 2016.


When you get the deficit to $1.5T - there is nowhere to go but "shrink" -

quote:

Then the debt king was elected.


No, that happened in 2008.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
24837 posts
Posted on 3/7/22 at 8:33 am to
A lot of the surplus in 99 was equity cash outs on the tech bubble for Y2K. The other contributing factor was congress controlled by Rs wanting to piss in Clinton's cheerios and not pass big spending items.

It was an aberration, not the start of a trend. Now that there is primarily the uniparty and an occasional outsider (Trump) we are past the rubicon.

Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
46368 posts
Posted on 3/7/22 at 8:36 am to
Newt left.
Posted by Fat Bastard
alter hunter
Member since Mar 2009
91079 posts
Posted on 3/7/22 at 8:43 am to
quote:

Trump's deficits occurred when he was handed an amazing economy.




yeah obama was so much better than trump economically LOLOLOLOLOL

you want me to give you the list again to make you look even more dumb than you already are??

ur boy obama's spending doubled the deficit dumbass.

we do not mind spending on what needs it. that is the issue with left wing trash like you. you spend on the wrong shite and want to hurt jobs and business jacking up taxes and regs to pay for it like obama.

obamas great successes:

LINK

record doubling debt, record regulations, record lowest labor participation rate since carter, record lowest home ownership since 50s, record number on food stamps(close to 50 million), higher taxes, unaffordable healthcare, aided terrorists,worst recovery since great depression, 1.8% average GDP over 8 years, black and hispanic unemployment far worse

Posted by wareaglepete
Union of Soviet Auburn Republics
Member since Dec 2012
18520 posts
Posted on 3/7/22 at 8:45 am to
The 90’s saw the rise of a whole new industry. It grew very fast and there was new money everywhere. The feds were able to spend what they wanted and still shrink budget deficits and make themselves look good. Going into forever war in the 2000’s ended all that.
Posted by PsychTiger
Member since Jul 2004
109242 posts
Posted on 3/7/22 at 8:46 am to
Politicians couldn’t embezzle enough of our money from a responsible budget.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
95637 posts
Posted on 3/7/22 at 10:42 am to
Another thing about the graph in the OP - there is a myth that continues to be sold by the Clintonistas - there WAS NO BUDGET SURPLUS. A budget surplus would mean, necessarily, that the debt went down. The U.S. public debt never went down (actually went up every year, so that means there was a "net" budget deficit every year - not consistent with the notion of a budget "surplus"), so that means, despite the bookkeeping entry of a "surplus", it was phantom.

Makes one doubt the accuracy of a lot of this stuff, but the word "surplus" in this context doesn't mean the same as it would for a business or individual.
Posted by TigerDoc
Texas
Member since Apr 2004
11847 posts
Posted on 3/7/22 at 10:43 am to
Recessions, tax cuts, long wars.
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 3/7/22 at 11:28 am to
quote:

Looks like it shrunk pretty good from 2010 to 2016.

More like from 2011 through 2015 when the Original Orange Man had the purse strings:

Posted by Y.A. Tittle
Member since Sep 2003
110944 posts
Posted on 3/7/22 at 11:29 am to
quote:

drift away from the 1990s paradigm of shrinking budget deficits


Was that really a "paradigm" or just a happy accident?
Posted by TBoy
Kalamazoo
Member since Dec 2007
28571 posts
Posted on 3/7/22 at 11:29 am to
quote:

Why did we drift away from the 1990s paradigm of shrinking budget deficits?

Republicans got elected.
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