It seems strange, but just two decades ago the United States government had a balanced budget. Bill Clinton had run for president as a new type of Democrat, calling for an end to the deficits that had so bedeviled George H.W. Bush.
Thanks in large part to pressure from Newt Gingrich and the Republican Congress, he pulled it off.
Already a subscriber? Log in
Get 10 issues
for $10
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in