An outfit called Bankrupting America sent out this video last night before the State of the Union address. I didn’t get around to seeing it until today. As the release promises, “The video highlights 3 decades of State of the Union presidential promises on fiscal discipline.”
There’s also a fact sheet that goes with it.
I find being part of a long, ongoing tradition to be very reassuring, don’t you? See, it doesn’t matter whether they’re Democrats or Republicans — presidents are all pretty much alike. People don’t change. Makes us feel… solid, grounded.
I would say, though, that one of those presidents actually did something about it: Bill Clinton. The video doesn’t mention that. But the fact sheet dismisses it this way: “Despite two years of on-budget surpluses, deﬁcit spending in other years added to the debt.”
Oh, the video also assumes that the only way to reduce the deficit, and the debt, is by reducing spending. Raising taxes, and simply growing the economy to increase revenues, are not considered. In case you didn’t notice that.