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dragonwriter04/03/20250 repliesview on HN

> Clinton was the last fiscally responsible President, using a strong real economy to pay down some of the debt

The Clinton social program cuts combined with the Bush II tax cuts is what gave us the poor distributional effects of the 2001-2008 expansion, which both set the stage for and magnified the impact on all but the narrow slice at the top of the Great Recession; while they seemed harmless in the unusually strong boom economy they were implemented in, monentary nominal budget balance acheived that way has had massive adverse long term effects.

It also, contrary to your claim, didn't pay down any of the national debt, which increased by at least $100 billion every year of the Clinton presidency.