It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.
Ed Schultz (2009). “Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative”, p.51, Harper Collins
