|
When they took control of Congress in January, 1995, Bill Clinton had already cut the deficit by about 40%. This was after the "largest tax increase in history" and after the Repubs said it would destroy our economy. The fiscal year begins in October so 1994 was the first year that Clinton policies were tabulated and we were well on our way to a balanced budget before the Republicans took control of Congress.
Now they like to brag that they worked with Bill Clinton to get a "balanced budget" and other major accomplishments. They seldom mention that they also impeached him in the process.
But it was Bill Clinton's policies that balanced the budget, after the Repubs said it would create more debt and destroy our economy. It happened because of increases in Social Security collections and a full employment and a tech revolution.
The true policies of the Republicans took shape when they took full control of the government with the stolen election of 2000 and the placement of Shrub in the White House. Then they showed what their policies would do. They doubled our national debt and left Barack Obama a deficit of $1.3 trillion dollars as a starter. Not to mention a collapsed economy and Wall Street crashing around our shoulders.
But to keep in perspective, Scarborough and the Repubs had little to do with Clinton's balanced budgets. In fact, Clinton had little to do with Clinton's balanced budgets. It was a tech boom with unexpected revenues. Clinton can be given credit for restraint in spending. He and Al Gore actually cut government spending. They should be celebrated by the conservatives.
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
