Spanky |
08-22-2005 10:32 PM |
Deficit.
Quote:
Originally posted by Tyrone Slothrop
The dynamic you describe could be attributed to political fighting over spending priorities -- there is a natural tendency of the two parties to check each other's most profligate urges when they share power.
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In a relativistic world where both parties are the same and we didn't have the record, that might be the case. But both partys are different - are they not? Clinton said that Gingrich was cutting to much. Gingrich said he was not. That is not in question (except in your mind). Actually Gingrich was just trying to slow the growth in medicare and other such programs. Clinton called them cuts. Whatever the case was, Gingrich was trying to reduce the deficit. Clinton was not. That is just a cold hard fact that you are going to have to live with.
Quote:
Originally posted by Tyrone Slothrop So the better comparison between Democrats and Republicans is between Clinton's first term, when he had a Democratic Congress, and Bush's tenure with a GOP Congress. Of course, we all know that under Clinton and the Democrats, the government's fiscal discipline improved -- over GOP opposition -- while under GOP control, the government lately has bled money like an anemic in the shower with a bunch of cats strapped to him.
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Under Clinton and the Democratic congress fiscal discipline improved - no we all don't know that. That just exist in you wishful thinking mind. The economy was growing. Clinton increased taxes and still the deficit grew. And Clinton didn't even increase spending as much as most of the members of his party wanted him to. And the health care proposal didn't pass either which would have increased spending even more. So Clinton inherits a strong economy, raised taxes and still increases the deficit.
Bush, on the other hand, inherits a contracting economy, a war and cuts taxes and you are going to tell me this is a fair comparison? In order to smooth out the business cycle you are supposed to grow the deficits and in a contracting economy and you are supposed to reduce the deficits in an expanding economy.
So lets review. In a growing economy, Clinton and a Democrat congress raise taxes and still increase the deficit. In this same growing economy the Republicans take control of Congress and the budget gets balanced. However, Clinton does everything in his power to prevent such a balance from occurruing. Bush inherits a recession, so he and the Congress cut taxes, increase spending, and now we are out of the recession.
Alan Greespan critised Clinton and the Democrats spending plan, after the Republicans take over critisizes Clinton for his obstructionism and praises the Republicans for their discipline. And what does Clinton do to this man who so clearly doesn't understand what is really happening; he renomoniates him for the most powerful economic post in the world.
I think that pretty much sums up the reality of the situaton.
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