nerv14
Well-known member
- Joined
- Apr 27, 2009
- Messages
- 601
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- Political Leaning
- Independent
Yeah, there's no point in mentioning a surplus that didn't exist.
Yeah lets just forget the one before the stock market bubble popped.
and you are missing the important part about government budgets from limiting that to there being a budget or surplus.
The important party is if the debt to GDP ration is increasing or decreasing. And if you look at
http://blogs.usask.ca/the_bolt/images/usa_debt_versus_gdp.gif
You will see that after Bush senior did the smart move to increase taxes, the ratio started to level off from rapid increases in the debt to GDP increases under Reagan and the rest of Bush senior's term. Clinton did a great job to increase taxes to keep it steady and decrease the the debt to GDP.
Tax increases are normally smart if it doesn't include an increase in spending along with it.