Let’s start with the fact that the U.S. posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue. This trend reiterates a core difference between the two major U.S. political parties, when it comes to federal budgetary responsibility.
Okay, here it is:
The crucial 2nd derivative of debt… the pace at which the rate-of-change of the federal deficit is itself changing… either moving toward fiscal disaster or away from it… has been positive (toward accelerating debt) during almost every year of every Republican administration since Eisenhower.
In stark and dramatic contrast - that crucial metric is always negative (deceleration) every year of every Democratic administration.
Let that sink in, because it is diametrically opposite to the rhetoric and propaganda and fulminations that have become accepted “truthy” notions in our minds. So? Are you a slave of truisms? Or are you capable of noticing facts that stare you in the face, and are nearly always true?