Former President Bill Clinton had a memorable moment at the Democratic National Convention on Wednesday, Aug. 21, while speaking about Vice President Kamala Harris and Minnesota Gov. Tim Walz's vision for the future.
Clinton actually produced a large budget surplus the last two years of his Presidency. If this trend of financial stability (supposedly a characteristic of Republicans) had been continued, the US would have become debt-free years ago. Instead our national debt is sitting (and growing) at $35 trillion dollars, equivalent to about six years of total tax revenue.
the person above is an asshole but not entirely wrong. there was a good amount of deregulation under clinton, like repealing glass-steagall for example. not as bad a reagan but still not great.
that's just false. the Gramm–Leach–Bliley Act which repealed glass-steagall passed the senate with 54 votes, which is a LONG way away from being veto-proof.
glass steagall can hardly be reduced to a "line item". he could have vetoed the entire bill and told congress to send him something without repealing glass-steagall.