Boo Radley
DP Veteran
- Joined
- Dec 20, 2009
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- Political Leaning
- Liberal
A "meme" I saw on facebook this morning asked this question.
I was very surprised at the answer.
While it is debatable as to whether the credit goes to Congress or the Presidents, we know that the last 3 Democratic Presidents ALL decreased the annual deficit. These Presidents include:
Barrack Obama
Bill Clinton
Jimmy Carter
I am curious as to how many people get it right as to who the last Republican President was that decreased the annual deficit.
The reason I think this is important is because public opinion of this is extremely backwards as compared to reality.
Just a few of things:
1) This is a factual question concerning who was president during a time of reduced deficit.
2) That doesn't mean the president is responsible.
3) presidents have less control here. Deficit (not economy) can be effected by budget decisions. But congress likely plans a larger role.
Now as to taxing he rich. They are rarely actually taxed much. They have enough money to skirt around it. A simple progressive tax without loop holes would do the job. Both sides demonize groups of people. We'd do better to merely discuss best approaches.