Posted on 06/27/2009 10:29:38 PM PDT by TheFreedomPoster
Only after the Republicans gained control of the House in 1994 were there budget surpluses for which Bill Clinton took credit, even though he too had never been a member of Congress. The elder Bush administration and Clinton administration benefited greatly from Reagan's military spending, winning of the "Cold War," and creating a huge peace dividend that made Clinton's budget surpluses possible. Reagan should get at least some of the credit for mid-90's budget surpluses.
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Tip O’Neill.
I think every President stinks at economics. Sorry if you have to borrow money to run the government then you are doing it wrong. That includes every Republican and Democratic President. I am not impressed with any of them economically.
I agree.
I liked Reagan as much as the next guy. He was a refreshing change from Carter. But those deficits. Congress helped, to be sure.
However, the principles he ran on were 100% correct and the GOP needs to return to those principles
Yep. Tip O’Neill. And the Demoncrats.
They never did keep their promises to cut spending, did they?
And now America is expected to pay and pay and pay and pay and pay.
Demoncrats can reap the whirlwind they have sown.
That is NOT entirely true.
Congress coward out of their fiduciary duty by creating the FED in 1913.
They CAN take that back and run this country with honest money that does not punish the savers. Won’t happen, but they DO HAVE THE POWER BECAUSE IT IS THEIR’S CONSTITUTIONALY!!!
Okay let me one thing! There were never any surpluses during the Clinton Years in office! When you take stuff off budget then it don’t count period! This was a slight of hand by the Clinton administration and Congress! They took money from Social Security put an IOU in there and used that to help balance the budget! The also sold the Elk Hill Oil reserve and some other government property’s but we really didn’t have a surplus. It was better with Republicans in Congress!
Strategic budgetting, running up a deficit on modernizing the US military kept the Dim controlled Congress from initiating new entitlements. The Dims could not resist the military spending in their districts and thus spent the money they might have used elsewhere.
Similarly, the Dims self stimulation bill exploded the deficit this time and now they will be harder pressed to get government health insurance through. The money just is not there.
Would you trust this current group of clowns with that?
What was the lase year the national debt went down?
A Dem-O-Rat/RINO(Bob Dole-Bob Michael) congress.
It was worth going into debt to destroy the Soviet Union. Why did we go into debt now? To make a bunch of looters and loafers fat. One removed a great evil the other is making a new one.
NO Cold War = NO massive defence build-up.
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