"C J Campbell" wrote in
"Cecil Chapman" wrote in message
P.S. You're right, we should all thank Mr. Bush for turning a
hard-earned surplus budget (earned under Clinton's rule) into a 4.3
trillion dollar DEFICIT.
That is really funny coming from a Democrat. Here we have Democrats
accusing Bush of behaving too much like a Democrat. ROFL.
Just for historical accuracy I think the "behaving too much like a
Democrat" thing is pretty outdated. After all, the only balanced
budgets in the last thirty years has been with the Democrat Bill
Clinton in office. (Source: Appendix F of the CBO publication The
Budget and Economic Outlook: Fiscal Years 2005-2014.)
No matter what you think of Clinton, neither of the Bush presidents,
nor Ford, nor Reagan managed that. In fact, the deficit climbed
significantly in the Reagan and first Bush terms. First time over one
trillion. two trillion, and three trillion in those years.
So, high time to adjust our view to reality.
-Malcolm Teas
I think a more balanced view might be the relative growth of the budget
vs inflation during various administrations. The main reason Clinton got
to run a surplus was a huge increase in income due to the internet bubble
and the capital gains taxes it generated. While a surplus is a good
thing, it must also be viewed against spending as I certainly don't want
a budget surplus if it means they take all my money!
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