That's right, isn't it? I mean, if a prior Republican administration -- say, one run by a guy named Bush -- had also run massive deficits, and had both vastly increased spending and cut tax revenue, then this cartoon would be just laughable, wouldn't it?
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Please remember that the purpose of Editorial Explanations is to explain and to expand knowledge, rather than to engage in any partisan bickering. All cartoonists are completely correct, in their own worlds.