Rather than arguing about particular programs in a particular situation, we ought to be looking at the overall picture. For most of the last 20 or 30 years, both lines have been around 20% of GDP. During the end of the Clinton administration, revenues were a little above [20% of GDP]. That's when we had a balanced budget. And then the Bush tax cuts and the Trump tax cuts took us down to 16 or 17% of GDP. (51:16–51:20)
CLAIM
Asserts that federal revenues exceeded 20% of GDP at the end of the Clinton administration.
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