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Originally posted by FATPad
p.s. 
I'm not saying one side or the other is responsible for any of this solely.
But saying Clinton saved us and Reagan screwed us is such a simpleton view of the world it's not funny.
During Reagan's presidency, the congress was democractic controlled. If they were so worried about deficit spending, congress merely had to pass balanced budgets. It didn't.
The original balanced budgets during Clinton's administration were passed by Republican controlled congresses. He had no choice but to pass them or look like a bigger idiot than he already was.
Clinton was great and saved us and Reagan was horrible and fucked us is way too simple of a view to be even close to reality.
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It is a simpleton view to blame everything, or give credit for everything, on a single man, but it has always been this way. What ever happens during an administration there is but a single man at the helm. "It happened on his watch."
Each administration prepares a budget and proposes it to Congress. Congress prepares its own budget and then tries to resolve the differences between the two budgets.
If you recall Reagan played to the people and the people liked Reagan because of his affability. This popularity helped Reagan to get, for the most part, his budgets approved, because congressman know who butters their bread. His budgets were heavy with deficit spending.
Politics are very complicated and confusing, but the fact remains the one at the helm, gets the credit, or the critisism, and a President does have veto power over any proposal by congress. Congress with a 60% majority can overide the veto.
Some blame the man, some blame congress, some blame one or the other polictical parties, when things go south.