Posted on 09/27/2010 6:59:59 AM PDT by ReleaseTheHounds
From this morning's Squawk Box on CNBC. See link.
(Excerpt) Read more at cnbc.com ...
Bring it on, Congressman Kanjorski!
I useually watch Squeakbox but lately it is unwatchable.
He also didn’t recall that Clinton did not want a balanced budget until after he left office. It was the Republican Congress that kept spending under control, with the help of Gramm-Rudman.
Clinton also gutted the military spending. Some reduction due to the end of the Cold War might have been called for, but one could argue that less preparedness led to 9/11, and the expenses related to it.
I watched a bit of that too. There was a poor excuse for an opposing view from whoever it was on with him.
Clinton’s best budget tool = Newt Gingrich and the GOP Congress
Let me guess.. Kanjorski is blathering on about how he’s a “fiscal conservative,” right??
Clinton's (and Hillary Rodham’s) anti-war birkenstockers gutted the defense department. I remember when tankers got to fire one live round a year and snipers counted in single digits the bullets they got for live training and aircraft were dropping out of the sky for lack of parts.
We were as unprepared for 9-11 as was FDR's military when Japan attacked Pearl Harbor. After 911 some troops went to war with their own equipment they bought from Radio Shack.
Couldn’t watch this old windbag long this morning, but was pleased to hear him say this was his toughest race ever. You patriots in the 11th District of PA need to get your troops together to retire this old Socialist.
A poll of likely voters commissioned by the Wilkes Barre-based Times Leader showed Republican Lou Barletta, Hazleton's mayor, preferred 43-32 percent over long-time Democrat incumbent Paul Kanjorski in the Pennsylvania 11th District congressional race. (Excerpt) Read more at BillLawrenceOnline.Com ...
Hello, Congressman.
Lou Barletta.
Yes, he’s the fiscal conservative. The Clinton years were the greatest (who was in charge of Congress for most of that time?). Clinton balanced the budget (yes, no mention of gutting defense, intelligence, and the turn-around from the S&L crisis at the beginning of the decade — from which Clinton benefited personally) but let’s just ignore the fact that Clinton looked the other way on the growing threat of terrorism. He kicked the can down the road on entitlement reform. He resisted reforming welfare until the GOP forced him into it — turned out to be the best thing he did.
And Kanjorski blames GWB for all the problems since despite the following: GWB came into office amidst a recession and huge correction from the dot.com bubble. 8 months after taking the oath, the US suffers the terrorist attacks of 9/11. One of Bush’s first fiscal policy efforts is to get a bi-partisan commission to address entitlement reform (with former Senator and “Dem hero” Daniel Patrick Moynihan as the chairman) to which Democrats gave the back of their hand and complete silence.
And for most of Bush’s two terms in office, the economy grows, the stock market recovers (thanks, in part, to the Bush tax cuts and cuts on dividends and capital gains), and yes, there is too much spending in Congress (we can thank “compassionate conservatism” and reaching out to Teddy Kennedy on education reform for that).
But, of course, there was no opportunity for any sane person on the Squawk Box panel to challenge Mr. Kanjorski. I hope this is the last time we have to listen to this guy before election day.
Yes, he also failed to recall that it was a huge influx of capital gains tax revenues that put the budget into balance those last 2 years thanks to the CUT IN CAPITAL GAINS TAX RATES!!!!! Amazing how selective that old and feeble brain is.
Wake up USA. 1995 changed the Clinton era econ performance. Why? GOP got control of budget. A big ship takes time to turn.
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