Party with power spends money. Party not in power complains too much money is being spent. Broken system. Those high interest rates ought to teach them pretty soon.

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mikestew 3 hours ago | parent | next [-]

A lot of deficit spending accelerated with Reagan, when mortgage interest rates were 18%. Yeah, high interest rates will learn ‘em real good this time.

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taeric 3 hours ago | parent | prev | next [-]

The deficit has far more closely followed tax cuts than anything else.

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xnx an hour ago | parent | prev | next [-]

There's also a revenue side to the deficit.

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watwut 3 hours ago | parent | prev | next [-]

Why do people always assume every single issue is symmetrical both party issue regardless of what reality is?

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boxed 3 hours ago | parent | prev | next [-]

Well.. not quite. Clinton actually did something about the deficit.

	▲	jeswin 3 hours ago \| parent [-]
		Well, Clinton took over when the Soviet Union had just dissolved. Of all US Presidents, he had the least to worry about on the defense front. Reagan's spending was a reason why the Soviet Union collapsed when it did. So it's not that black-and-white.

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bell-cot 3 hours ago | parent | prev | next [-]

Could you tell us about any passably-comparable situations, where high interest rates actually taught a national government to grow up and behave?

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fridder 3 hours ago | parent | prev [-]

Way too reductive. Look at the deficit growth numbers under democrats vs republicans. This comment is just another variant of lazy "both-siderism" that I have really come to loath