Originally Posted by StefanG

Clinton signed the deregulation of the Glass–Steagall Act into law in 1999



https://en.wikipedia.org/wiki/Glass%...ll_legislation



Fact is though in regards to the current situation: there are times when taking on debt makes sense (as it did in 2008 - we can still debate whether companies like GM should have died instead) and there are times when paying back debt makes sense (as it would now in times of prosperity).

Fact is also that with current budget projection, Trump will have raised the national debt by 50% until 2025. After promising he will eliminate debt completely in 8 years.

And I really have a hard time understanding how his followers so aggressively defend that. Considering it's the party that always called out the Democrats for raising the debt (which is not even true as a generalization).