OT Question about BushCo Convention
Stop changing the subject. Tell us how Clinton got that national debt down
to
zero, nada, nothing by the end of his term.
CONGRESS reduced the BUDGET DEFICIT to zero (actually, a surplus) by 1999,
by fostering the largest tax increase in history in the mid 90's, combined
with the economic effects of the "tech boom" of the late 90's. The NATIONAL
DEBT has grown every year since WW2. Had the economy been juiced even
further by tax cuts, the resulting GNP increase would have led to even more
tax revenues, more cash flow for consumers, and a longer term economic
recovery vis-a-vis the national debt.
As an aside, the tech bubble (which was fostered by unethical business
dealings and false earnings statements.... I guess Clinton was a great role
model for corporate responsibility) began to burst in early 2000,
(how..errr...convenient for the Dems) and the subsequent recession was then
inevitable, no matter who was President. BTW- Presidents don't set the
budget- Congress does. Presidents who are given a LINE ITEM VETO would do
much to reduce Congress' wasteful spending and irrelevant allocation
attachments to otherwise good bills.
CONGRESS is your culprit regarding budget deficits, kids.
* Extra points question- Who won the party majority in Congress in '94 ? Who
bit the bullet, reigned in spending, and helped to get that budget deficit
into the surplus column? Anyone?
* Answer- Republicans
*Study question- who can name a Democratic congress in the last 100 years
that has reduced, or even held steady, spending. Anyone?
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