Steve Benen: A timeline of events →
geekyjessica: 1980: Ronald Reagan runs for president, promising a balanced budget 1981 - 1989: With support from congressional Republicans, Reagan runs enormous deficits, adds $2 trillion to the debt. 1993: Bill Clinton passes economic plan that lowers deficit, gets zero votes from congressional Republicans. 1998: U.S. deficit disappears for the first time in three decades. Debt clock is...