[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
