wf3h wrote:
On Mar 22, 6:21 am, "Eisboch" wrote:
"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".

ROFLMAO and even playing by THOSE crooked rules the GOP managed to
sack and pillage the US economy. god how incompetent they are.

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


and business just got it back. in spades. paid for by the middle
class.


Once again, I believe the large players in the financial services
industries -stocks, bonds, banks, insurance companies, et cetera- need
to be very closely regulated by public agencies AND they all need to be
rated regularly by organizations like A.M. Best. The recent debacles in
financial services prove there is no reason to trust their financial
reports or the reports of their outside auditors.

We also need to bust up the big national banks. Too much of our economy
is tied up in the hands of too few. We really cannot afford to have
banks "too big to be allowed to fail." These huge financial services
companies provide no needed public service attributable to their size,
compared to the risk to us they impose.

And credit swap derivatives? Crikey.