/—-/ Jimmy Carter and Slick Willie slashed the military to the bone. Reagan and Bush had to rebuild it. That’s the real reason.Yes 2 DemsHas there ever been a presidency that didn't increase the debt?
Debt as a share of GDP has consistently increased since then, except during the terms of presidents Jimmy Carter and Bill Clinton. Public debt rose during the 1980s, as President Reagan cut tax rates and increased military spending.