Let's review just how bad republicans are beginning with the latter part of the Reagan years since he promised to balance the budget and failed so miserably.
As you can see, Reagan's tax cuts exploded the debt and it wasn't until numerous tax increases that deficits began to fall.
Then Clinton raised taxes in 1993. Look how fast the deficits fell. Newt's five year BB plan was passed in 1998 for fiscal years 1999-2002. It takes a lot of intellectual gymnastics to give Newt credit when he said the tax increases would increase the deficit. In other words, Newt was 100% wrong and you give him credit.
| 1986 |
|
| -221,227 | | 1987 |
|
| -149,730 | | 1988 |
|
| -155,178 | | 1989 |
|
| -152,639 | | 1990 |
|
| -221,036 | | 1991 |
|
| -269,238 | | 1992 |
|
| -290,321 | | 1993 |
|
| -255,051 | | 1994 |
|
| -203,186 | | 1995 |
|
| -163,952 | | 1996 |
|
| -107,431 | | 1997 |
|
| -21,884 | | 1998 |
|
| 69,270 | |
