this post was submitted on 19 May 2025
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Also, for one brief, shining moment we had no deficit under Clinton. I'm not a fan of his, but that was a thing.
A good chunk of that “fix” caused the hellscape we’re in today. He renewed the corn subsidies that encouraged overfarming, making high-fructose corn syrup less expensive than sugar. He also beefed up our trade and foreign investment relations with China which made it less expensive to manufacture overseas than domestically.
Corn syrup was cheaper than sugar well before Clinton. One of the main reasons for the "new coke" debacle in '85 was the switch from sugar to corn syrup.
Right. That was due to corn subsidies encouraging overproduction. Those expired under Clinton. We knew it was a problem, but he put the economy before our national health and renewed the subsidies.