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A balanced budget can be reached without the TEA party.
It was done under Clinton, and it'll be done again. Of course most folks won't understand the math, and it'll be decried as evil and not worth the paper its written on, but it'll be a balanced budget.
The balanced budget happened mostly by accident. Clinton can't really claim any credit for it but he gets it anyways. Both houses of Congress were controlled by the GOP and he had little choice but to go along with much of their agenda. The US was experiencing the .com boom and riding a huge economic upsurge. If you remember, the surplus took absolutely everybody by surprise. And for the tiny window of time that there was a surplus, rather than paying down the debt, the idiots spent it.
Yes you can get there without the Tea Party or the Libertarian Party or any other third party preaching common sense. But old habits die hard and the Republicans and Democrats would prefer to procrastinate the matter indefinitely. They both know they'd lose some of their pet projects if we balance the budget. When you've lived on credit for a long time, living within your means hurts. You're going to tick off a lot of people when you start cutting programs. But it's the right thing to do.
The balanced budget happened mostly by accident. Clinton can't really claim any credit for it but he gets it anyways. Both houses of Congress were controlled by the GOP and he had little choice but to go along with much of their agenda. The US was experiencing the .com boom and riding a huge economic upsurge. If you remember, the surplus took absolutely everybody by surprise. And for the tiny window of time that there was a surplus, rather than paying down the debt, the idiots spent it.
Yes you can get there without the Tea Party or the Libertarian Party or any other third party preaching common sense. But old habits die hard and the Republicans and Democrats would prefer to procrastinate the matter indefinitely. They both know they'd lose some of their pet projects if we balance the budget. When you've lived on credit for a long time, living within your means hurts. You're going to tick off a lot of people when you start cutting programs. But it's the right thing to do.
If not now, when? If not us, who?
Anyone who thinks that the richest economy in the world will remain stagnant and continue a recession for that long isn't aware of reality.
Business has had their pockets padded. Kind of like runners in the blocks, they are ready to run. They've been waiting for the starting bell which is government to say "this will be taxes for 10 years".
The same thing happened under Clinton. Lots of money sitting on the side lines, then when a budget deal was reached, the money flooded the market, causing exponential growth.
Anyone who thinks that the richest economy in the world will remain stagnant and continue a recession for that long isn't aware of reality.
Business has had their pockets padded. Kind of like runners in the blocks, they are ready to run. They've been waiting for the starting bell which is government to say "this will be taxes for 10 years".
The same thing happened under Clinton. Lots of money sitting on the side lines, then when a budget deal was reached, the money flooded the market, causing exponential growth.
2013 - 2020 will be awesome.
What was the national debt under Clinton?
What percentage of mortgages were underwater during Clinton's Reign?
How many more manufacturing jobs existed under Clinton?
2013-2020 in America will be like 1991-2000 in Japan.
Location: Currently I physically reside on the 3rd planet from the sun
2,220 posts, read 1,877,002 times
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Quote:
Originally Posted by Memphis1979
This is where you have made a miscalculation.
A balanced budget can be reached without the TEA party.
It was done under Clinton, and it'll be done again. Of course most folks won't understand the math, and it'll be decried as evil and not worth the paper its written on, but it'll be a balanced budget.
The business community, the ones that pay politicians bills have told them they have to curb spending, so they are finally listening.
There isn't one politician in Washington that has said we should spend at the same rate we are now, and shouldn't balance the budget, not one. The details will be hammered out behind closed doors, without demagogues like the TEA party, likely after the election is over.
But every Republican plan, everyone, even those supported by "TEA" party candidates didn't cut spending immediately, it was all over 10 years, to start in 2013 after the election. No one is raising taxes or ending spending during an election year.
Besides that, most economists say that removing money from the economy, either through major tax increases or spending cuts during a recession is a bad idea.
Politicians, regardless of how you view them personally aren't stupid. These men and women earned their money by being smart. Wall street runs Washington, so there will be a balanced budget, right after the election of 2012, so we know who will be in charge of it.
I think it is hilarious that Democrats continuously attempt to take credit for this.
It happened due to Newt Gingrich and the Contract with America despite massive opposition by Democrats led by Bill Clinton.
I think it is hilarious that Democrats continuously attempt to take credit for this.
It happened due to Newt Gingrich and the Contract with America despite massive opposition by Democrats led by Bill Clinton.
As another poster pointed out, and I agree, it had little to nothing to do with either branch of government.
Business just wants a long term plan so they can decide on how to plan their investments for long term plans. Usually 7 to 10 years.
So the "balanced" budget of the Clinton Newt years was really just the guest stripper to get business spending again.
It doesn't what budget deal is reached, Business will turn the economy around, not Washington, regardless of who is in charge of what and for how long.
This is going to be good. That idiot allen west will now have to tell the truth about the tea party and their racist agenda
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