ADVERTISEMENT

US Debt Service Costs

I don’t blame Clinton for the Tech bubble or resulting recession. Lots of overly bullish people pouring billions into new technologies causing valuations and expansion which weren’t supported by market fundamentals. Going by memory but wasn’t it Alan Greenspan who went on for months warning about the impending Tech crash. No one listened of course until the bottom fell out. The recession of course followed.

Spending cuts were largely the resulting peace dividend from the break up of the USSR under Reagan. The boogie man was now gone defense cuts were justified.
It’s pretty simple really. With little to do with government.

The mid to late 1990s saw historically low energy prices with the greatest single technological innovation since the steam engine. Economic productivity and efficiency rose to unheard of levels while operating costs were at historic lows. The economic gains gave us unheard of tax receipts. Government had nothing or very little to with the success in the 1990s.

If you think Biden had nothing to do with this inflation, then you must believe that Clinton had nothing to do with the surplus.

US Debt Service Costs

I think many of the modifications Clinton made to the tax code as well as cuts made the surplus possible. Without those you wouldn’t have seen it. And the tech bubble likely would have been stifled by high interest rates (that was the entire reason Clinton went after the changes in the first place)
I don’t blame Clinton for the Tech bubble or resulting recession. Lots of overly bullish people pouring billions into new technologies causing valuations and expansion which weren’t supported by market fundamentals. Going by memory but wasn’t it Alan Greenspan who went on for months warning about the impending Tech crash. No one listened of course until the bottom fell out. The recession of course followed.

Spending cuts were largely the resulting peace dividend from the break up of the USSR under Reagan. The boogie man was now gone defense cuts were justified.

US Debt Service Costs

I assume you will attack Trump for this if it has not been done by Biden, and Trump is reelected and not attending to it either. Because that is what I assume will happen.


I would take Clinton in a New York Minute(with policy success that he had then) over Biden & Trump. I'd take any president we've had since Reagan with the policy success they had over Trump & Biden. I believe Biden would have been a better president before Trump/before pressure he has received from the extreme left of his party. Neither one of them(Trump and Biden) have been strong enough leaders to take us through covid the way we needed to be. But Trump and his followers made that job much more difficult for anyone following Trump.
I will attack any President who does not address our debt crisis. Don’t care if it’s a Pub or Dem. This is beyond party of politics. This is our future.

I would take Clinton as well.

US Debt Service Costs

As you stated in your example, any significant action must be spearheaded by the President. Biden must know the dire consequences were in as far as debt service going forward (well…I’m sure he has no clue but someone in his inner circle does). Only crickets. He must start talking about this now. Time is not on our side.
I assume you will attack Trump for this if it has not been done by Biden, and Trump is reelected and not attending to it either. Because that is what I assume will happen.

Stop. You know full well that surplus was created due to the tech bubble. Which promptly burst as Clinton was leaving office resulting in an economic crisis. I really liked Clinton btw. Would love to have that type of centrist President today. He did a lot of good things.
I would take Clinton in a New York Minute(with policy success that he had then) over Biden & Trump. I'd take any president we've had since Reagan with the policy success they had over Trump & Biden. I believe Biden would have been a better president before Trump/before pressure he has received from the extreme left of his party. Neither one of them(Trump and Biden) have been strong enough leaders to take us through covid the way we needed to be. But Trump and his followers made that job much more difficult for anyone following Trump.

US Debt Service Costs

As you stated in your example, any significant action must be spearheaded by the President. Biden must know the dire consequences were in as far as debt service going forward (well…I’m sure he has no clue but someone in his inner circle does). Only crickets. He must start talking about this now. Time is not on our side.
How would he get something like that passed? Remember, zero republicans voted for Clinton’s changes. And when the Democrats passed it by the skin of their teeth they paid for it in subsequent election cycles.

Why would they try that again just to be abused by an opposing party that hasn’t shown any degree of trustworthiness or willingness to compromise to this point?

Again…. Let a Republican Congress do their jobs…. And by that I don’t mean cutting taxes like they would inevitably propose.

US Debt Service Costs

Stop. You know full well that surplus was created due to the tech bubble. Which promptly burst as Clinton was leaving office resulting in an economic crisis. I really liked Clinton btw. Would love to have that type of centrist President today. He did a lot of good things.
I think many of the modifications Clinton made to the tax code as well as cuts made the surplus possible. Without those you wouldn’t have seen it. And the tech bubble likely would have been stifled by high interest rates (that was the entire reason Clinton went after the changes in the first place)

US Debt Service Costs

Clinton left Dubya with a budget surplus and Bush's immediate reaction was a tax reduction to "give the surplus back to the voters". IOW a federal budget surplus as an actually bad and had to be corrected by lowering taxes.

Got a problem, lower taxes. Then complain about budget deficits. Wash, rinse, repeat.
Stop. You know full well that surplus was created due to the tech bubble. Which promptly burst as Clinton was leaving office resulting in an economic crisis. I really liked Clinton btw. Would love to have that type of centrist President today. He did a lot of good things.

US Debt Service Costs

Anyone care to recall what happened the last time someone actually decided to tackle the deficit?

In 93 Clinton and his economic advisers combined tax increases and spending cuts to put a dent in debt leftover from the Reagan / Bush spending sprees. 0 Republicans voted for the bill which relied on Gore’s tiebreaker in the Senate to pass. Then in the following midterms and general election cycles the Republicans in Congress used the gripes about tax hikes and the fact that the deficit reduction was had a delayed function (not recoverable until after Clinton’s first term) to skewer the congressional leadership and take back control of Congress… only to lower the Capital Gains tax (and government revenues) a few years later and install the Bush 2.0 tax cuts (spending) a few years after that.

Maybe it should be Republicans’ turn to raise taxes + revenues and cut entitlements. I’m sure it will turn out incredibly well for them. No landmines to step on whatsoever.
As you stated in your example, any significant action must be spearheaded by the President. Biden must know the dire consequences were in as far as debt service going forward (well…I’m sure he has no clue but someone in his inner circle does). Only crickets. He must start talking about this now. Time is not on our side.

US Debt Service Costs

Anyone care to recall what happened the last time someone actually decided to tackle the deficit?

In 93 Clinton and his economic advisers combined tax increases and spending cuts to put a dent in debt leftover from the Reagan / Bush spending sprees. 0 Republicans voted for the bill which relied on Gore’s tiebreaker in the Senate to pass. Then in the following midterms and general election cycles the Republicans in Congress used the gripes about tax hikes and the fact that the deficit reduction was had a delayed function (not recoverable until after Clinton’s first term) to skewer the congressional leadership and take back control of Congress… only to lower the Capital Gains tax (and government revenues) a few years later and install the Bush 2.0 tax cuts (spending) a few years after that.

Maybe it should be Republicans’ turn to raise taxes + revenues and cut entitlements. I’m sure it will turn out incredibly well for them. No landmines to step on whatsoever.
  • Like
Reactions: watu05

Pray For Israel 🇮🇱 🙏

Radicals who are now people of influence and have hollowed out the left's formerly prestigious institutions, continue to wear those institutions' dead carcasses to wield power and view everything through power dynamics. Their messaging is transmitted through the hard left ecosystem fairly efficiently. It doesn't matter that anti-colonialism is just picking an arbitrary point in time and saying "the second to last person to steal the land has a right to it." There is no good / bad side to this group outside of which set of winners they think needs to be taken down a peg at any particular moment.
Eye roll.

Pray For Israel 🇮🇱 🙏

Gallup disagrees. Again….why?

WASHINGTON, D.C. -- After a decade in which Democrats have shown increasing affinity toward the Palestinians, their sympathies in the Middle East now lie more with the Palestinians than the Israelis, 49% versus 38%.

Today’s attitudes reflect an 11-percentage-point increase over the past year in Democrats’ sympathy with the Palestinians. At the same time, the percentages sympathizing more with the Israelis (38%) and those not favoring a side (13%) have dipped to new lows.

Radicals who are now people of influence and have hollowed out the left's formerly prestigious institutions, continue to wear those institutions' dead carcasses to wield power and view everything through power dynamics. Their messaging is transmitted through the hard left ecosystem fairly efficiently. It doesn't matter that anti-colonialism is just picking an arbitrary point in time and saying "the second to last person to steal the land has a right to it." There is no good / bad side to this group outside of which set of winners they think needs to be taken down a peg at any particular moment.

Pray For Israel 🇮🇱 🙏

Gallup disagrees. Again….why?

WASHINGTON, D.C. -- After a decade in which Democrats have shown increasing affinity toward the Palestinians, their sympathies in the Middle East now lie more with the Palestinians than the Israelis, 49% versus 38%.

Today’s attitudes reflect an 11-percentage-point increase over the past year in Democrats’ sympathy with the Palestinians. At the same time, the percentages sympathizing more with the Israelis (38%) and those not favoring a side (13%) have dipped to new lows.
Sympathy does not equal support, lack of sympathy does not equal hatred.

No matter what someone’s view on gay marriage is… (which Judaism isn’t particularly positive about either btw) I don’t think they should be blown up or shot.

I have a lack of sympathy for the Israeli government because their actions given their situation does not warrant sympathy.

If a murderer kills your wife is it judicial to kill his wife as well as his entire extended family? When you kill them, do they get to kill the rest of your extended family? Where does the bloodshed stop?
  • Like
Reactions: watu05
ADVERTISEMENT

Filter

ADVERTISEMENT