asterism
Congress != Progress
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- #141
Yeah, sure, Clinton increasing taxes (3 new brackets and top increased to 39.6%) and cutting the deficit in half in 1993, without a single GOP vote, wasn't 'left'...
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Bullshit, he did not cut the deficit in half in 1993.
The deficit didn't shrink until a Republican House provided balance. Together they both reduced the deficit.
Deficit by year:
1990 221,036
1991 269,238
1992 290,321
1993 255,051
1994 203,186
1995 163,952
1996 107,431
Historical Tables | The White House
MORE RIGHT WING GARBAGE
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote. Prior to 1993, the debate over fiscal policy often revolved around a false choice between public investment and deficit reduction. The 1993 deficit reduction plan showed that deficit and debt reductions could be accomplished in a progressive way by slashing the deficit in half and making important investments in our future, including education, health care, and science and technology research. The plan included more than $500 billion in deficit reduction.
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits." Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
"Clintons 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity." Business Week, May 19, 1997
AFTER CLINTON'S FIRST BUDGET SURPLUS, THE GOP PASSED A $700+ BILLION TAX CUT HE HAD TO VETO TO GET 3 MORE!!!
President Clinton vetoed the Republicans' $792 billion tax cut bill yesterday
Washingtonpost.com: Budget Special Report
WE KNOW WHAT HAPPENED ONCE BUSH/GOP GOT TOGETHER
David Stockman bombshell: How my Republican Party destroyed the American economy.
The debt explosion has resulted not from big spending by the Democrats, but instead the Republican Partys embrace, about three decades ago, of the insidious doctrine that deficits dont matter if they result from tax cuts.
David Stockman bombshell: How my Republican Party destroyed the American economy. | ThinkProgress
You claimed President Clinton cut the deficit in half in 1993. The figures I cited from President Obama's White House records show otherwise. But go ahead and claim victory. I'd love to have Bill Clinton back in charge now. I might even vote for him if we repeal the 22nd Amendment.
I really didn't like his defense strategy and I didn't like his constant pandering but in retrospect it was much better than what we have now.