Posted by laramiebob on 4/25/2022 12:24:00 PM (view original):
"By the beginning of April, the economy had added 7.9 million jobs, and unemployment was close to a 50-year low at 3.6%. Meanwhile, the deficit is dropping: we should carve $1.3 trillion off it this year."
IF this economic trend continues and persists our current POTUS will go down in history as the finest POTUS in modern History-----------barring any dumbass decisions and sudden catastrophes (like Health issues, etc.).
One question for all you right-leaners............Has a Republican administration EVER managed to deliver a balanced budget?
Clinton (of all folks!!) did it.
And reducing the budget deficit is the fist step towards doing it again!!
That would be twice for the supposed "taxers and spenders" and squat/zippo/NADA for the Party that SUPPOSEDLY believes in fiscal sense.
When are (some) folks gonna figure out that they've been lied to now for DECADES by this allegiance of racists/TP-ers and anti-government (of ANY kind but their narrow view) neer-do-wells calling themselves Republicans.
DDE is rolling in his grave. Can't imagine what Lincoln would say to these losers like Trump, Jordan, Meadows, MTG, Gaetz, etc.
Probably *****-slap them!
Ok, I'm pretty sure I've said this before, but every time I see these claims I think they need to be called out. Talk about seeing the rosy part of the picture with a serious case of myopia...
Yes, Clinton balanced the budget. He did not cut spending. He marginally raised taxes. By far and away the leading factor in the Clinton balanced budget was increased tax revenue resulting from unsustainable economic growth, the result of economic deregulation and Federal policies that actively encouraged unsustainable market growth in a tech sector that wasn't particularly well-monetized at the time. Clinton didn't start deregulation (Reagan did), and W. continued it right until the Great Recession hit. Apparently the only administration that had even a vague notion that unsustainable economic growth would create a big bubble that would ultimately burst and hurt a lot of people was Bush I, but Clinton's administration was as culpable as any. Giving Clinton credit for balancing the budget, while at the same time being ready to criticize Bush for his economic policy, is blatantly talking out of both sides of the mouth. Those things are 2 sides of the same coin. During Clinton's presidency real GDP growth was about 4% per year. That's pretty good. Market growth was about 30% per year. That's a lot of taxable money coming from nowhere. Clinton doesn't deserve overly much credit for that.