View Single Post
  #8   Report Post  
posted to rec.boats
Eisboch[_4_] Eisboch[_4_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
Default OT Confiscatory taxation


"wf3h" wrote in message
...


clinton was the only president in recent history to balance the
budget.



Favorite myth perpetuated by some Democrats, but unfortunately not true.
Spending under Clinton increased by almost 30%, but tax revenues increased
by 85%.
The "deficit" spending increased in each year of his 8 years in office.
The increased tax revenues where not planned for or expected and served to
decrease the deficit of his own budget, particularly in 2000, but did not
balance the budget. The "surplus" was really a reduction of a negative
number (that still remained negative) of the yearly budgets. This is
really creative economics at it's best. It's like saying, "I expected to
lose 1000 dollars at the race track, but I only lost 500, so I have a 500
dollar surplus".

The increased tax revenues? They came primarily from the other liberal
arch-enemy .... business.

Eisboch