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  • Two Santa Clauses: Going back in history

    Posted on November 19th, 2023 cwmoore No comments

    Two Santa Clauses Tactic:


    Here’s how it works, laid it out in simple summary:
    First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results – it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the “tax-cut Santa Claus.”

    Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.

    Think back to Ronald Reagan, who more than tripled the US debt from a mere $800 billion to $2.6 trillion in his 8 years. That spending produced a massive stimulus to the economy, and the biggest non-wartime increase in the debt in history. Nary a peep from Republicans about that 218% increase in our debt; they were just fine with it.

    And then along came Bill Clinton.

    Biden – lowered the deficit so far

    Trump – raised the deficit dramatically holds the record for largest and 2nd largest deficit in American history

    Obama – cut the deficit by about half over his two terms

    George W – took us from a surplus to what at the time was the largest deficit in American history

    Clinton – took us from a deficit to a surplus

    George HW – increased the deficit

    Reagan – increased the deficit

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