and the dominoe's begin to fall
#11
Because you're looking at it as a % of GDP. And you're ignoring/forgetting the fact that we were in a recession coming into Clinton's term. You can see that in 1995 as the strong growth in the 90's began debt as a % of GDP decreased.
First, compared to what? After WWII when all the war bonds came due? Or compared to the 80s and early 90s after the "miracle" of Reaganonomics?
Second, looking at debt purely as a function of GDP is a mistake, as GDP is always increasing. If we were to fix debt as a % of GDP, we'd still be increasing debt by 2-5% yearly.
Second, looking at debt purely as a function of GDP is a mistake, as GDP is always increasing. If we were to fix debt as a % of GDP, we'd still be increasing debt by 2-5% yearly.
Our goal should be to reduce/eliminate our national debt, not merely to let it bloat at an "acceptable" rate.
Clinton was more of a fiscal conservative than any Republican since the 70s.
As for Clinton being a conservative (Andy's original point) that is the equivalent to me saying Trent Lott is liberal. That is an argument you cannot make and will lose every day of the week you try.
#12
GDP hasn't decreased since the establishment of the Fed.
Bullshit! You forget that the only reason that Congress didn't spend much money is that Clinton vetoed all the spending bills that Congress passed. Modern Republicans (at least the ones that make it in politics) wouldn't know fiscal conservancy if it shit on their faces.
#13
Downturn had begun before 9/11. 9/11 itself had little effect on the US economy.
But look at the first year of the Bush presidency, we had a recession from the .com bubble bursting, terrorist attacks, and corporate scandals...any one of which is a lot for a new president to handle, let alone 2. Having had to deal with all 3 I think Bush has done a good job.
GDP hasn't decreased since the establishment of the Fed.
Bullshit! You forget that the only reason that Congress didn't spend much money is that Clinton vetoed all the spending bills that Congress passed. Modern Republicans (at least the ones that make it in politics) wouldn't know fiscal conservancy if it shit on their faces.
#14
Here is another guy I think you'll like. Mike Hodges is not trying to be funny at all. Rather disturbing information actually. Some of it is real, other parts are overly sensational. I will leave it to you to decide which.
http://mwhodges.home.att.net/nat-debt/debt-nat.htm
Last edited by fjm1; 12-11-2006 at 09:37 AM.