internet boom

>>80062986
well... they raised taxes?

A combination of the Dotcom bubble, welfare reform & cooking the books.

because running a government surplus tanks the economy by taking demand out of the economy through higher taxes

Bush saved the economy by cutting taxes and increasing the deficit.

by 2008 though people had become brainwashed by retarded deficit hawks so they decided that instead of stopping the recession by cutting taxes again or increasing spending they would just do nothing and let the economy collapse

Then Obama came in and gave wall street trillions of dollars, and comparatively nothing to the real economy in terms of stimulus or tax cuts.

In fact if you look at it Obama cut spending and raised taxes"during" a recession which is the most retarded thing you can do.

>>80062986
Those numbers are based on *projected* spending. So, let's say that we *project* that we're going to spend 8 trillion dollars, then we only spend 7.75 trillion. BAM! Surplus. If you project that you're going to spend 7 trillion and you spend 7.4 trillion, deficit.

So, who spent more, the guy who projected he would spend 8t, spent 7.75t and had a budget surplus of 250b, or the guy who projected he would spend 7t, spent 7.5t and had a 500b deficit?

>>80063522
>In fact if you look at it Obama cut spending and raised taxes"during" a recession which is the most retarded thing you can do.

It only sounds retarded if you're a keynesian, there are loads of different economic doctrines each with their own ideas of how to tackle a depression.

Clinton paid down debt by taking money from social security's existing surplus. That and axing the military post-coldwar.

Our debt to GDP ratio was actually going down after desert storm, but after 9/11 we've been entrenched in the middle east and after 2008 we've been taking on debt like mad. Even the Democrats are neocons now, we are fueling our war machine on all ends and there's no end in sight.

>>80063522
When did Obama "cut spending and raise taxes"???

>>80062986
Best economic conditions since the 50's

Pretty much same thing happened under John Howard happened in Australia, but in the early 2000's instead of the 90's. It's very rarely economic management that delivers surplus It's a matter of being in office when the economy delivers and then you can shill that your parties economic management skills are top notch for the next 20 years. Howard was an absolutely awful economic manager, he cut taxes because the Government was making too much money, he wasted ridiculous amounts of money on gibmedats and sold off a ton of Government assets during a time when the Government didn't quick cash.

He was running fucking structural deficits while still getting cyclical surpluses and the Liberals and vast majority of the people in this country still think the old gun grabing cunt knew what the fuck he was doing or had absolutely anything to do with the amounts of wealth that we enjoyed during that time.

>>80062986
Cold War ended and Clinton cut military and entitlement spending, not to mention billions of tax revenue from an entirely new industry