VCheng
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That was Bush's biggest one? It was tiny to that terrible war spending (but maybe long term spending its different)
But as far as before and after specific contrast, yes thats a good one you mention.
There is broad based agreement between dems and repubs on deficit spending (they just have slightly different preferences) and harnessing the reverse optics during the respective power cycles (shamelessly and hypocritically using the level of ignorance/amnesia present at the US electorate buffet)....because the (largely same) economists both sides use, given to them by broadly the same special interests/donors...have said the seigniorage of the US dollar can be assumed as a bottomless pit....because hey why not drive to the cliff full speed ahead, there are chances the cliff is just a small sand dune right?
Trump kind of upset that gentlemans agreement, but how much he can do or even wants to do remains to be seen. He has mentioned welfare reform recently, paul ryan has largely got a "framework" for it....but I dont hold my breath.
May be the collective wisdom of the American voters saw that the disruption cause by the orange twit-in-chief rather than the comfortable same old same old of another Clinton would be good for the country in the long run?