Ummm.... the Clinton Administration? Clinton completely reformed tax code, which in result made higher income individuals and families... I believe around the $200,000 yearly income pay more taxes, which in result created MORE jobs and paid off MOST of our bills. Regean and Bush completely tanked our economy before clinton, both of them using the the cuts for the rich ideaology and look what happened when they left office. Once again a democrat had to correct the Republican parties horrific leadership and debt management. Clinton raised taxes on the wealthy, which in return created a massive ammount of jobs, and left the country with around a 300 billion dollar surplus when his presidency ended.
Now, because Republicans know Obama wants to do the same thing, they all signed an anti-tax pledge which prevents the idea of higher taxes from even being discussed. This is an example of the GOP's ethic, hold the country hostage to get what we want. This whole debt ceiling debate was really just rediculous. Raising the debt ceiling does not give the government more money to spend. Raising the debt ceiling assures the world America will pay for its prior financial commitments, and thats all. To me this is like buying a car, and telling the bank you will not pay your car payment until you have assurance they will reduce the amount you owe on the car. If you were to say that to your bank, a repo-man would be at your door in a matter of 25 minutes, and the same applies to the government.
The idea that these crazy GOP front runners can compare raising the debt ceiling, or balancing the governments budget to managing a small families VISA card is the craziest crap I have heard in a decade. I can see how the average american could believe this, mainly the senior citizens, who are sadly completely un-aware this is a 100% different government they had 15 years ago. They dont understand the GOP and Democratic party will make any promise they can to gain political ground, or make it to the white house. They will believe anything you tell them, especially since the president is a black man.
Americans need to understand we CANNOT get out of this debt unless we spend more money. Cutting spending dramatically like this crazy Tea party and GOP want to do is the exact opposite of economists advice. I never hear them talking about THAT on Fox News. I have heard some GOP say economists are never right, or have no clue what they are talking about. I guess this could be true, if you were a complete moron and in complete denial of your parties intentions to derail the government.
A quick lesson on economics... the more you spend, the more you make. The less you spend, the less jobs and income you create. The more tax breaks you provide for the rich, the more the rich will NOT create jobs. The wealthy Americans are not the job creators, the middle class is. The economy grows by the middle and lower class buying things, which in return creates demand. This whole LIE the GOP throw at its party and un-educated Americans about tax breaks for the wealthy will in-return create jobs is complete B.S. These massive corporations have had tax breaks for almost a decade, and what are they doing? They are moving their jobs and offices overseas, which is in return making it even more impossible to create jobs for average Americans. They dont talk about THAT on Fox news.
Last edited by SypherAL; 08-01-11 at 08:01 AM.
There is nothing wrong with supporting the GOP, but I begin to question real motive after seeing the terroristic strategies the GOP uses these days. Recently polling shows around 79% of Americans disapprove of conservative leadership in congress. That means less than a quarter of Americans believe holding our government hostage to please a racist redneck movement from the south is a good thing. Are you part of this 21%?
Also, if the President was a Conservative, and was raising the debt ceiling today, would it be a problem with you? Would it be different this time then the other 17 times reagan did it, or the 7 other times George W. Bush did it? I really dont think so.... I think this is all over the fact the President is a black liberal.
The GOP was a respectable party a few years ago, but once again, when they lose the white house, you begin to see their core support show their true colors. I really dont think there would be ANY tea party movement if a conservative was elected President, even though that President would be doing the EXACT SAME THING Obama is right now. Obama is not even making hardcore liberal favored decisions. In the last year, most of his decisions are either right in the middle, or leaning towards Republican policies. This to me shows the only reason the Tea party exists is because the President is a Black Man and they are unwilling to accept that when they lay their head down at night to go to sleep.
Last edited by SypherAL; 08-01-11 at 08:22 AM.
PolitiFact | Steny Hoyer says George W. Bush inherited $5.6 trillion surplus from Bill Clinton
Small but it was there.based on a budget assembled during the term of his Democratic predecessor, Bill Clinton -- there was a surplus of $128 billion.
Please show me the surplus and stop buying what the media tells you. There are two parts of the debt, public debt and intergovt. holdings. Intergovt. holdings are SS and when you take money from SS and put it to reduce the public debt you don't eliminate the SS deficit.
Check my politifact post Conservative. 236B surplus.
The Myth of the Clinton Surplus
Please, SypherAL, show us where this surplus existed under a president that drove up the debt every year and operated with a deficit every year he was in office.
Links? Proof? I mean, if it was so well known, you should be able to produce real evidence of it's existence.
There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.
Notice that while the public debt went down in each of those four years, the intragovernmental holdings went up each year by a far greater amount--and, in turn, the total national debt (which is public debt + intragovernmental holdings) went up. Therein lies the discrepancy.
Last edited by dontworrybehappy; 08-01-11 at 08:25 AM.