Gold Member
- Apr 26, 2011
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We were running a surpluses when Clinton was president & projections were for so much continued surplus that Bush decided to "give the money back to the people with tax cuts", got rid of pay as you go, handed out prescription drugs & never vetoed a single spending bill until the Democrats took congress.
Projections are total bullshit. This country, it's currency, deficits, inflation, economy, job loss & the markets were an absolute train-wreck when Obama took over. Now deficits are falling, gold falling, dollar rising, stocks rising, employment rising, economy growing.
That is fine. Predictions are oft times incorrect. What makes you think that the national debt will not continue to grow?
Also, "give the money back" to the people who paid the taxes is pretty damn accurate statement. What is bizarre is "tax cuts add to the national debt", meaning allowing American workers to keep more of their own money is a government expenditure--that all money is essentially the government's and they just let you keep what they decide.
During "Clinton's surplus"--the result of BALANCING THE BUDGET achieved by a GOP-controlled Congress--the country still had trillions in national debt.
To your first point. No. Not really. People elected people to spend money. They weren't like "No..don't give my state that package to make submarines!" or "No..we don't want to build Airplanes'. Everyone accepted the spending. Even the famous "Bridge To nowhere". Sarah Palin didn't give that money back to the Federal government. She used it.
Secondly..well no..the GOP didn't really do much to balance the budget. They voted against most of the Clinton initiatives. Why, in fact, they impeached him. The GOP then, as now, had very little to do with balancing anything and a lot to do with making life miserable. Not only did they impeach Clinton, they shut down government several times.
It is called the Balanced Budget Act of 1997, and yes it had everything to do with the surplus. For Christ's sake, the GOP controlled Congress, they controlled the budget--yes they had everything to do with the surplus. Do you think Clinton would have proposed welfare reform if the GOP did not control congress?
Do you have any idea how completely ignorant of history your post is?