Divided government at the national level may be the best election outcome we could have hoped for. Why? Because one party controlling both Congress and the presidency has not worked out all that well in recent decades when it comes to deficits and debt.
In 2001, former President George W. Bush and a Republican Congress enacted huge tax cuts, which — along with the unfunded cost of the war in Afghanistan — ended three years of budget surpluses and returned us to deficit spending.
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