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Old 01-08-2019, 01:42 PM
 
Location: 912 feet above sea level
1,830 posts, read 663,247 times
Reputation: 10254

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Quote:
Originally Posted by Quietude View Post
The national debt declined across Clinton's administration, but I'm sure you have a contravailing theory on that, too.
Quote:
Originally Posted by Dwatted Wabbit View Post
Newt Gingrich. Contract For America.
This involves Gingrich having a time machine, apparently, because the growth rate of the national debt began decreasing with the tax increases passed by the Democratic Congress and signed by President Bush years before Gingrich took office. This, of course, despite the dogmatic insistence that such tax increases would exacerbate the problem.

The downward trend accelerated after the further tax increases of 1993 - you know, when the Democrats still controlled Congress. I'm sure you remember these, and the dire insistence of Republicans everywhere, Gingrich included, that they would send the American economy into a recession. That, of course, never happened.

The trend continued, with one exception - 1996, the first year concerning a budget that came out of the GOP-controlled Congress, but I suppose you want to ignore this inconvenient fact.

Finally, the trend reversed and annual debt began to increase. When? When the Congress remained in GOP hands but the Presidency switch from Democratic control to Republican control. As soon as that Democratic check on unrestrained Republican was removed, debt exploded.
https://www.macrotrends.net/2496/nat...growth-by-year

Ain't facts a stubborn thing?
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Old Yesterday, 08:10 PM
 
9,710 posts, read 3,274,524 times
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Quote:
Originally Posted by BoSox 15 View Post
The rate at which the debt increased was significantly less than the administrations preceding and succeeding Clinton's. That is clear as day in the graph you posted.
.

that is a different spin than saying that the national debt went down under Bill Clinton. We don't have a tax cut problem in our government, we have a spending problem.
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Old Yesterday, 10:06 PM
 
8,582 posts, read 8,795,089 times
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Quote:
Originally Posted by Hellion1999 View Post
that is a different spin than saying that the national debt went down under Bill Clinton. We don't have a tax cut problem in our government, we have a spending problem.
We have a deficit problem. Deficits are increased by lowering taxes or spending too much money.
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Old Yesterday, 10:24 PM
 
9,710 posts, read 3,274,524 times
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Quote:
Originally Posted by markg91359 View Post
We have a deficit problem. Deficits are increased by lowering taxes or spending too much money.

the U.S. government never had a revenue problem, it has a spending problem. The I.R.S. recently collected record-breaking revenues for the government and the debt keeps going on.


Why are we still paying for most of the defense for NATO countries since WW 2 is beyond me....why are we in endless wars and endless occupations and have over 750 military bases around the world and give billions of dollars in aid to many countries is a mystery.
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Old Today, 05:49 AM
 
Location: WV and Eastport, ME
10,553 posts, read 10,569,402 times
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Stop it. This is the History forum and this thread is about a Bill Clinton biography. This is no place to discuss Politics, Current Events, or current federal government policies.
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