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Clinton left the nation with several years of a surplus budget and on track to pay down the national debt. IIRC, he even left the next administration a surplus for the first year.
Notice you used the word "budget" surplus. There were "off budget" expenses (expenses not listed in the budget) that meant that every single Fiscal Year under Clinton still saw the national debt increase. This is indisputable.
1957 was the last Fiscal Year that saw the national debt shrink.
Bill Clinton said he opposed the GOP's "Contract with America" where they promised to balance the budget, he said that he opposed balancing the budget as late as January 1995 after the GOP won on it in November of 1994.
True or False: Bill Clinton proposed 8 annual budgets as president and not a single one was balanced, all had deficits?
I am not sure why you are giving Clinton credit for a surplus, that technically didn't exist, and one that he initially opposed.
Yes, Bill Clinton benefitted from increased technology in computers, the internet, etc...but it is not like he caused that anymore than JFK caused the new industrial manufacturing equipment in the early 1960s.
Quote:
Originally Posted by GotHereQuickAsICould
Obama left the nation in far better economic shape. The economy was in a free fall when he stepped up to the plate. He left the stock market in a far better place with the longest period of job and economic growth in recent history.
Obama supported trickle down economics that inflated the stock market to its second highest historical peak P/E ratio***, which suggests it might be a bubble. A policy he told voters he opposed, while making every FED pick big or small for people who pushed that policy.
***This is why Trump is arrogant and dumb to point out that the stock market was over valued based on P/E and then scream that he is amazing when he is president and it continues to rise.
The current mess is Obama's fault...and Trump's....and Congress'...and Bush's....and....etc...
We need to hold everyone accountable, not just people in the opposing party. And we knew certain expenses were due to rise on Obama's last day...not just things like Social Security, but things like interest on the national debt as they had been suppressed under Obama with artificially low interest rates.
Right now Trump gets an F on the budget. Hopefully, for the good of the country, he can improve. He won't improve if Republicans back off.
The current mess is Obama's fault...and Trump's....and Congress'...and Bush's....and....etc...
We need to hold everyone accountable, not just people in the opposing party. And we knew certain expenses were due to rise on Obama's last day...not just things like Social Security, but things like interest on the national debt as they had been suppressed under Obama with artificially low interest rates.
Right now Trump gets an F on the budget. Hopefully, for the good of the country, he can improve. He won't improve if Republicans back off.
Shhh people don't like that around here. Logic that is.
When these people running for office and get on stage and B.S just comes vomiting out of their mouth the voters KNOW this but they vote for them any ways because they feel that the other person is worse.
I can't not wrap my head around this idea and for the life of me I don't see how anyone else can either.
Hence the reason I can't bring myself to vote knowing that either one of them will mess them over equally once they toss their voters a few bones they toss them aside and forget about them.
This has to stop the people of the U.S should shake off their biases and wake up.
A big problem is having a big Federal government. It encourages "deals". Instead of your state passing legislation for the 10 things it wants to focus on, they have to make "deals" and vote for a couple items they dont want, in order to get a couple things they do want.
I do understand why they do it but I don't agree. People want to be able to count on things. The less surprises and variables in life, the easier life is.
The current mess is Obama's fault...and Trump's....and Congress'...and Bush's....and....etc...
We need to hold everyone accountable, not just people in the opposing party. And we knew certain expenses were due to rise on Obama's last day...not just things like Social Security, but things like interest on the national debt as they had been suppressed under Obama with artificially low interest rates.
Right now Trump gets an F on the budget. Hopefully, for the good of the country, he can improve. He won't improve if Republicans back off.
Agreed, Except there weren't many republicans in congress who were against the budget too tell him to back off.
Is Trump still talking about "renegotiating" down the national debt?
Nobody with an R cares about the debt any more. They have the key to the treasury, and they're maxing out the credit card to hand off the promised goods to their donors - as much as they can, as fast as they can.
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