The Left PRETENDS that the Clinton tax hikes increased the revenue. But it was a boom time and the tax hikes didn’t much get in the way.
The Contract With AMerica kept spending low and the economy grew with the extra cash not spent.
Also, the computer revolution in the 90’s made business HUGELY more efficient.
I thought the Republicans forced Clinton’s hand in cutting taxes during 1998’s balanced budget act.
Besides, the economy had been growing since 1990.
The Clinton tax hikes were also coordinated with a decrease of government spending of over 3% GDP coming from ‘Welfare REform’.
It was an incentive also when Clinton said, “The era of big government is OVER!”
Now, Obama’s plan is like a page out of Animal Farm. Looks like he doesn’t have enough ‘Boxer’s’ to work for the ‘common good’.
The problem with socialism is that you eventually run out of other people’s money!
Starve the Beast!
The Clinton tax hikes were also coordinated with a decrease of government spending of over 3% GDP coming from ‘Welfare REform’.
It was an incentive also when Clinton said, “The era of big government is OVER!”
Now, Obama’s plan is like a page out of Animal Farm. Looks like he doesn’t have enough ‘Boxer’s’ to work for the ‘common good’.
The problem with socialism is that you eventually run out of other people’s money!
Starve the Beast!