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Outside of Reagan, there hasn't been an economically conservative Republican to get the nominee for quite some time. The current Republican party is not the party of Reagan. They're out of the race.
You point to the Clinton Administration as a time when democrats reduced the rate of accumulating debt? You're joking, right? The only reason things went so well then was because the House was controlled by Republicans and nothing significant was let through.
One can argue that the deadlock is a positive thing, or that Republicans need to be taken out of power at all costs (as Peikoff did), and therefore one should vote for a Democrat for no other reason than to throw wrenches into the system in order to make it stall or break down. Seems nice, but it's not a truly viable solution, asyou eventually get a government made out of wrenches.
If fiscal responsibility is at all important to you, neither major party even considerable.
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