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re: What history books in the future will cite for today as "they should've known"
Posted on 2/22/24 at 1:21 pm to MontyFranklyn
Posted on 2/22/24 at 1:21 pm to MontyFranklyn
quote:
Didn't Clinton balance it and left Bush with a surplus?
I don’t think either Bush left with a balanced budget, much less a surplus. I believe Clinton left with a surplus but that was riding the Dot.Com AND subprime housing bubble that both piped under W. so in my mind his balance was built on lies.
We haven’t had a fiscally responsible president since Andrew Jackson.
Posted on 2/22/24 at 5:02 pm to Oilfieldbiology
quote:
I believe Clinton left with a surplus but that was riding the Dot.Com AND subprime housing bubble that both piped under W. so in my mind his balance was built on lies.
We haven’t had a fiscally responsible president since Andrew Jackson.
I don't see the connection between the .COM bubble and balancing the federal government's budget. Capital gains taxes, maybe, but that's pretty small. The Yankees had a surplus of over $200 billion in 2000. They would easily have run a surplus even without collecting any capital gains tax.
And the subprime thing became an issue 8 years after Clinton left. The economic landscape was a Dubya creation at that point.
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