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As far as "tax and spend", Borrowing (spending) now is taxing later. Bush has been "tax and spend" with huge increases in medical spending and a war budget. Social security costs, of course, continue to rise.
As far as Clinton, he was the huge beneficiary of the proceeds of a strong stock market bubble in the forms of revenue from the capital gains tax. He increased spending just the same as every other president has. He also had a Republican congress led by Gingrich who was every bit as resolved to cut the deficit as he was. Reading back on the articles of the time is interesting as Gingrich wanted to CUT more on spending side. Eventually they compromised.
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