• ElmarsonTheThird@discuss.tchncs.de
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    3 months ago

    Wasn’t that Reagan? I’m not in the US, so please take this as a genuine question. So far, I’ve heard nothing as bad about Clinton regarding economics.

    • ChickenLadyLovesLife@lemmy.world
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      3 months ago

      Clinton actually produced a large budget surplus the last two years of his Presidency. If this trend of financial stability (supposedly a characteristic of Republicans) had been continued, the US would have become debt-free years ago. Instead our national debt is sitting (and growing) at $35 trillion dollars, equivalent to about six years of total tax revenue.

    • acosmichippo@lemmy.world
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      3 months ago

      the person above is an asshole but not entirely wrong. there was a good amount of deregulation under clinton, like repealing glass-steagall for example. not as bad a reagan but still not great.

      • katy ✨
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        3 months ago

        most of that was the fact that republicans came in and controlled congress

          • katy ✨
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            3 months ago

            line item veto doesn’t exist and congress had veto proof majorities…

            • acosmichippo@lemmy.world
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              3 months ago

              that’s just false. the Gramm–Leach–Bliley Act which repealed glass-steagall passed the senate with 54 votes, which is a LONG way away from being veto-proof.

              glass steagall can hardly be reduced to a “line item”. he could have vetoed the entire bill and told congress to send him something without repealing glass-steagall.