Right, you have a selective memory and forget that Clinton had the Reagan peace dividend and still added 1.4 trillion to the debt. So much for those small budget deficits? How do you explain the Tax Relief Act of 1997 which cut taxes and led to that "claimed" Clinton balanced budget?
You mean the Nixon peace dividend, right? The last war we had prior to then was Vietnam.
It didn't lead to that. The budget deficit was already dropping every year before than and in FY1999, the second fiscal year following the tax cuts, the deficit grew by 92 billion more than the previous year.
. . . . . . . Growth by year
------------------------
FY1992: +23,434,812,235
FY1993: -52,449,076,207
FY1994: -65,607,200,744
FY1995: -28,036,178
FY1996: -30,404,952,270
FY1997: -62,492,966,165
------------------------ tax cuts (aug/2007)
FY1998: -75,288,074,761
FY1999: +17,030,895,218
FY2000: -112,170,584,446
FY2001: +35,691,220,146
Romney has said no such thing, you are delusional.
The tax relief act of 1997 did what, Sheik?
It cut taxes. And in its second year, the deficit increased by 92 billion dollars over the previous year.
It cut taxes. And in its second year, the deficit increased by 92 billion dollars over the previous year.
Do you like Con's latest red herring? He knows that, over all, Clinton raised taxes and that contributed to the balanced budget, but he has to pretend that the small later hike negated the full effect of the tax increases. So sad.
Never have I seen someone so obsessed with raising taxes and not keeping more of what you earn. Put your money where your mouth is and send in a lot extra. Your ignorance of how our economy works and the role of the Federal govt. is staggering.
How exceptionally dishonest this post is. Either you are incredibly stupid, or you are a liar. GAINS have never been taxed. EVER! Who gives a flying **** if the initial investment was taxed, it was SUPPOSED to be. Just stop already.
Unfortunately, me sending in extra would do nothing to reduce the debt proposed by Romney for increased spending and further tax cuts for the rich.
That's what's drove us into the ditch during the last decade.
Really? Thought Clinton left Bush with a balanced budget? how did the Tax Relief Act of 1997 do that?
Unfortunately, me sending in extra would do nothing to reduce the debt proposed by Romney for increased spending and further tax cuts for the rich.
That's what's drove us into the ditch during the last decade.
Who said the 1997 tax cuts balanced the budget?? That sounds like a strawman to me.
I just wonder how Clinton added 1.4 trillion to the debt by balancing the budget?
How many times here have people claimed that Clinton balanced the budget and left Bush with a surplus? If there was a surplus how did 1.4 trillion get added to the debt during the Clinton term?
I wonder how you could still wonder, given that it's been explained to you at least 20 times.
No one claims that he ran a surplus EVERY year. He did have to fix the screwed up tax system that he inherited from Reagan/Bush. :roll:
What has been explained to you hundreds of times is that we have a spending problem not a revenue problem. What you ignore is that the tax relief act of 1997 increased Govt. revenue just like the full implementation of the Bush tax cuts after 2003 and Reagan after his tax cuts that went into effect in 1982. liberals are so confusing and so out of touch with reality.
He added 1.4 trillion dollars to the debt and it went up every year. That is a fact that liberals want to ignore.
Seriously? Even you don't believe that, do you? You do understand that the increased revenue was the result of the dotcom bubble -- not the tax cut, right? OTOH, it's pretty obvious that the tax cut helped inflate the bubble, just as Bush's tax cuts helped fuel the real estate bubble.
At least 20 times. Gross debt, public debt, blah blah blah. Why are you pretending you don't understand?
2 sentences later in the same post.I am so sorry that people like you have such a problem with tax cuts and keeping more of your own money.
Unfortunately for you, Conservative, these two are mutually exclusive.I do find it interesting that the ones screaming the loudest don't do their part and send in more of their money as a donation to that massive Federal govt.
2 sentences later in the same post.
Unfortunately for you, Conservative, these two are mutually exclusive.
If you truly believe in that large massive federal govt. then do your part and send in more money. Stop whining about what someone else keeps, do your part and support those Federal bureaucrats.
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