posted on Sep, 3 2012 @ 12:22 PM
Originally posted by beezzer
Originally posted by SaturnFX
Originally posted by FlyersFan
Today's democrats seriously need to go take economic lessons from Bill Clinton.
I didn't like the cuts he gave the military but by golly, back in the day he understood
the need to balance a budget.
Tax rate also of Clinton sounds good
cuts to bloated agencies, get more revenue from the top hoarders. Simple economics, the more taxes the top pay, the more likely they will keep their
money tied up in investments to avoid the taxes, and as a byproduct, have jobs create.
If wedo Clintons tax rates, then the same spending (1993) should be enacted.
Just copy the spending budget for 93.
No, will however agree with the 1997 budget, the thing that had a path to balance, surplus, and strong economy.
Why would I want the disaster that Bush Sr left behind.
In 1992, 10 million Americans were unemployed, new job creation was slow, and wages were stagnant. Other nations’ high trade barriers limited
the ability of American businesses and farmers to sell their goods abroad and hampered economic recovery. Our trade policies failed to reflect our
values by failing to take into account the responsibility to protect our environment, eliminate child labor and sweatshops, and protect the rights of
workers around the world
Funny how whenever a republican presidency ends, the economy is in the gutter, a dem needs to come in and sort it out. getting tired of this
"My colleagues and I have been very appreciative of your [President Clinton’s] support of the Fed over the years, and your commitment to
fiscal discipline has been instrumental in achieving what in a few weeks will be the longest economic expansion in the nation’s history."
— Alan Greenspan, Federal Reserve Board Chairman, January 4, 2000, with President Clinton at Chairman Greenspan’s re-nomination announcement
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about
it, fast. And I think we are seeing some benefits."
— Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
We can't afford right wing destructOnomics. How many times do we need to have the numbers showing what happens when the right leads economics...it
simply doesn't work. Its gone past consideration and is now insanity.
Globalization has destroyed the potential trickle down economic strategy..it may have worked a hundred years ago, but catch up already.
Not to say that the current setup is somehow going to get better and more progressive to todays reality..corporations are making the choices for both
partys..the dems are failing at protecting, and the reps are not trying to protect but rather further the corporations..thats the differences in
So ya, lets hit the time warp back to 97 then. sound policy, strong economy, and from there we work on it more (because things change from year to
year) and build up responsibly.