Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Mr. K

We had two things helping this. The dot.com economy and substantally cutting the military.


14 posted on 09/07/2019 6:19:10 AM PDT by ealgeone
[ Post Reply | Private Reply | To 5 | View Replies ]


To: ealgeone; Mr. K

Don’t forget the energy boom thanks to GHW Bush’s stabilization of the Middle East by booting Saddam out of Kuwait. Oil prices remained incredibly low for most of the decade.

Yet even then, even with all those advantages, Newt & Co. were unable to make a dent in the national debt.

Consider, on the other hand, Andrew Mellon, Sec Treas under Harding/Coolidge, who with proper cutting of the government and tax cuts shaved 1/3 off the national debt in 7 years.


23 posted on 09/07/2019 6:55:32 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
[ Post Reply | Private Reply | To 14 | View Replies ]

To: ealgeone

Don’t forget Y2K forced every company to buy new computers..


31 posted on 09/07/2019 7:13:15 AM PDT by mowowie
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson