Thought Clinton was a decent president. Smart guy. But the credit some of the daydreamers on the Left give him for the economy in the 1990s is grossly exaggerated. Clinton had the "luxury" of his Federal spending limited due to an adversarial Congress. And the other bonus of that dot.com bubble thingy providing a lot of cash on the revenue side of the formula.
Still like the guy. But he isn't deserving of the pedestal he is too often placed on.....
Last edited by pragmatic; 07-30-11 at 07:09 PM.
Clintons' "Balanced" budgets A) weren't balanced and B) came from the Republican House.
however, you are correct that in recent history he came the closest.
know how he did it?
he cut the capital gains tax and then lowered government spending to a little over 18% of GDP.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
But the results are always the same. The something for nothing crowd will insist they can have their goodies and others will somehow, through the magic of government pressure, pay for it. This should be a lesson for generations to come, though it might be to late to escape the tentacles of big government. Perhaps the easiest way to mend the mess would be less federal government and a return to greater State rights. That way the people closer to home can better manage their own affairs, or leave for a responsible State which can.
Perry and others might be on to something with the threat to secede. It could be the only way they can ever attract sufficient attention to the problem and get people looking to the future rather than bickering about whose fault it is..