WOOFIE ROCKS!
Rarely do ii see such clarity in argument.
Let me add the NYT chart shows exactly the cause and bush and tax cuts ain’t it.
The deficits trend strongly downward 2004 to 2008. That’s called republicN control of congress and exec branch. Dems sweep the house and senate in Jan 2007. At that moment all hell broke loose.
Most specifically the twin demons of Fannie Mae and freddie mac unleashed the mrtage bust since congression stopped regulating them. Once dems took control in January 2007 the 4.7 percent unenployment rate was shattered and the economy was destroyed.
Until conservatives are willing to rhetorically recover the true legacy of bush we will lose to bad arguments like this one. Bush tax cuts brought a world record 2.5 trillion in one year to federal coffers! That’s a liberal dem spendmonster wet dream. The growing economy is the only way out of deficits and bush and the republicans were gradually yet powerfully doing that until Jan 2007. The nyt chart proves that.
Just after you posted I figured it had to do with the House being under Democrat control. This makes the most sense since it shot up like wall mart sales after a welfare pay day.
No better place for answers than Free Republic, now I can casually ask my neighbor two questions about this article
1 Why didn’t Clinton pay the debt with his “surplus?”
2 What party controlled the spending during those big jumps in the graph?