@wildgrass saidYou lie more about democrat vs republican spending than anyone on here.
I mean, one side has a plan and the other side doesn't. When Democrats are in charge, deficits go down, and when Republicans are in charge deficits go up.
Sure, you could say that they might fail to execute the plan to raise money from wealthy individuals and conglomerate corporations, and cut wasteful military spending based on Pentagon recommendations, but at least the ...[text shortened]... o you could say they are selling a fake bridge, but the Republicans have nothing but empty promises.
Carter did not reduce the deficit. He increased it.
The federal deficit is calculated by subtracting federal spending from federal revenue, primarily tax collections, for a given year. If revenue exceeds spending, there’s a surplus for that year; if spending exceeds revenue, there’s a deficit. (There hasn’t been a federal surplus since 2001.)
The national debt is the accumulation of all past deficits, minus any surpluses.
A smaller deficit does not mean the federal debt has shrunk; only a surplus can do that. A smaller deficit means only that the debt grows more slowly than it did before.