Saturday, August 22, 2026

35 Years Ago

Clinton balanced the budget (no, not in ‘91). It did him little to no good politically, and nobody else seemed to notice much. It hasn’t been balanced since, although the GOP through-line has consistently been less money for people, more money for defense contractors.

And the GOP  “solution” has always been “growth,” unless a Democrat is in the White House, and then it’s “cut spending on people.”

Trump is doing both. Job growth is stagnant, inflation is rising, and trade negotiations with Canada broke down, auguring 50% tariffs on both sides of the border.  We’ll see how all that works out in November.

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