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user-inactivated · 4278 days ago · link · · parent · post: Mike Konczal: Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems.
We're close to on the same page. I agree that our currently high deficit is due to revenue vs expenditures which have grown wildly out of balance in the recession. And I agree that Clinton's budget surplus was due to economic growth, but Clinton also increased taxes and reduced spending in social welfare programs - austerity. And even then, it was only 3 years before Bush screwed it up.