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Clinton didn't attempt to completely eliminate the deficit.
insofar as i know the last time it was attempted was January of 1835; you should read up on that.
Give me a break. Liberals have been trumpeting for 15 years Clinton's efforts towards a budget surplus and the eventual ruin of those alleged surpluses by Bush. And now all of a sudden Clinton wasn't actually working towards eliminating the deficit?
Deflection. Is this your excuse for voting for Barack Obama?
I didn't vote for him, but I guess that isn't obvious to a block of cement one sets a post into. I do not vote Democrat or Republican. In the past I voted straight ticket Republican, well trained in my youth to do so by my father who did not have my resources in the study of economic history. That is why I attack the Republican more viciously. I view them as heretics, always more hated then the dumb, brute pagans which I view the Democrats now to be. When you hold a welfare treat like a dog biscuit under their nose, I expect them to eat it and then make sloppy drinking noises. Its the conservatives of once my own ilk that I expected to understand the long view, but alas, they are a most agonizing disappointment like a lot of pigs at the trough, dressed in silk. So now I hunt down their barren of logic mythologies, and burn them at a stake.
That is correct. As Keynes said, the boom, not the slump, is the time for austerity. But the deficit hawks can’t make that argument, because they have in fact been arguing for austerity for the last four years. If they had gotten their way, they'd have driven the economy into a depression.
Lets do not forget the other half of Keynes theory where the gvt should save a surplus for bad economic times. Did Clinton follow that? what did he do with the surplus? he cut everyone a check to stimulate the economy, right. Be honest, our economic situation is a bi partisan cluster f***.
Lets do not forget the other half of Keynes theory where the gvt should save a surplus for bad economic times. Did Clinton follow that? what did he do with the surplus? he cut everyone a check to stimulate the economy, right. Be honest, our economic situation is a bi partisan cluster f***.
That is the irony. When the government is running a surplus, its broke. The only way the government can spend is to impact the private sector during a surplus. 3% unemployment means there is no idle work force to command. Running a surplus is the process of creating unemployment in the private sector. That people don't understand that the fiscal affairs are a mirror image of private affairs is the folly of all time. When the private sector is gaining financial wealth, the public sector must lose it and vice versa. All debts are assets and all financial assets are debts.
Lets do not forget the other half of Keynes theory where the gvt should save a surplus for bad economic times. Did Clinton follow that? what did he do with the surplus? he cut everyone a check to stimulate the economy, right. Be honest, our economic situation is a bi partisan cluster f***.
Texas has a rainy day fund. And we used some for the education budget cuts.
And, because Texas didn't drain the fund and give all the money to education, the government got bashed.
But Texas government stood their ground and said no to the demand for depletion of funds.
Most want immediate gratification with no thought to the future.
Texas has tapped into it over the years, but never depleted it and replenished it when revenue increased.
Texas has a rainy day fund. And we used some for the education budget cuts.
And, because Texas didn't drain the fund and give all the money to education, the government got bashed.
But Texas government stood their ground and said no to the demand for depletion of funds.
Most want immediate gratification with no thought to the future.
Texas has tapped into it over the years, but never depleted it and replenished it when revenue increased.
We have a rainy day fund here in Ohio that was depleted and of course ran up budget deficits during a {D} administration. Gov Kasich put the budget back in balance and money was added to the rainy day fund. {D}s have been screaming bloody murder for more spending along with a few {R}s but it looks like Kasich is holding his ground. It looks like it is working, Ohio has one of lowest UE rates and lead the nation for a month in job creation.
I didn't vote for him, but I guess that isn't obvious to a block of cement one sets a post into. I do not vote Democrat or Republican. In the past I voted straight ticket Republican, well trained in my youth to do so by my father who did not have my resources in the study of economic history. That is why I attack the Republican more viciously. I view them as heretics, always more hated then the dumb, brute pagans which I view the Democrats now to be. When you hold a welfare treat like a dog biscuit under their nose, I expect them to eat it and then make sloppy drinking noises. Its the conservatives of once my own ilk that I expected to understand the long view, but alas, they are a most agonizing disappointment like a lot of pigs at the trough, dressed in silk. So now I hunt down their barren of logic mythologies, and burn them at a stake.
Wow
It sounds like a conflicted Von Helsing. I'll bet that burning at the stake bit hurts.
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