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Message
Posted on 2/22/24 at 4:21 pm to MontyFranklyn
quote:
Didn't Clinton balance it and left Bush with a surplus?
Clinton and his people had a big hand in 2008 collapse.
I wouldn't praise anything he did financially
Posted on 2/22/24 at 4:28 pm to Willie Stroker
You can thank Ross Perot for the balanced budget of the Clinton administration.
Posted on 2/22/24 at 4:53 pm to Novae
Yes, of course, Ross Perot did it.
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.
Posted on 2/22/24 at 5:42 pm to High C
quote:
Grown-ups have always realized who and what he is.
quote:
Support whom you’d like, but stop insinuating that Trump supporters are all rednecks with the intellect of a child. I voted for Trump in 2016 as a vote against Hillary. I voted for him in 2020 because I thought he did a really good job in his first term, and it was pretty obvious that Biden was incompetent. I’ll vote for him in 2024 because if you’re satisfied with the direction of the country under Biden and Democrats, I can’t comprehend how your mind works.
I recognize the difference between casting a vote for your party’s candidate on Election Day, and being a supporter of said candidate.
There is also a difference between how certain policy initiatives affect the short term direction of the country, and the potential disastrous consequences of a deranged narcissist.
Let’s be clear, a petulant child throwing a tantrum because he could accept he lost an election and encouraging his “supporters” to riot against the seat of our government is a threat to democracy. If Trump had pledged every dollar he had to fighting to overturn the results of the election in court, then so be it. But that’s not what happened.
Posted on 2/22/24 at 5:47 pm to Jones
quote:
Clinton and his people had a big hand in 2008 collapse. I wouldn't praise anything he did financially
As I recall Clinton gutting the CFTC was a big part of the 2008 financial collapse
Posted on 2/22/24 at 5:48 pm to Cheese Grits
when you say debt what does that mean? Debt to the federal reserve?
Posted on 2/22/24 at 5:55 pm to Porpus
quote:
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.
It wasn’t just capital gains, but thousands, if not hundreds of thousands of people were working for companies enjoying record setting profit years and financial investments. These people were paid well in their salaries, increasing the taxes paid to fed gov.
Additionally, lending to more people resulted in more purchases resulting in increased taxes to government. I’m not saying the entire budget surplus was due to these two factors, but the economy was on steroids due to the Dot.Com bubble plus everyone getting cheap loans for housing.
Posted on 2/22/24 at 5:56 pm to Porpus
quote:
And the subprime thing became an issue 8 years after Clinton left. The economic landscape was a Dubya creation at that point.
I clearly remember Bush warning that there was trouble brewing with the subprime housing bubble and the democrats immediately accused him of not wanting people of color to be able to own homes. Barney Frank and the democrats had their hands elbow deep in that mess.
Posted on 2/22/24 at 6:25 pm to MontyFranklyn
quote:
Didn't Clinton balance it and left Bush with a surplus?
Clinton had some years where we did not spend everything we brought in. We were still in debt and, arguably, the Gingrich-led House deserves at least as much, if not more credit. The President can request funding, but Congress approves it.
Posted on 2/22/24 at 6:29 pm to Smoke Ring
(no message)
This post was edited on 3/16/24 at 6:53 pm
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