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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: Doughboy who wrote (3006)8/25/1998 9:45:00 AM
From: j_b  Read Replies (1) of 13994
 
<<There is no question today that President Clinton balanced the federal budget>>

Boy, I can't even read through the rest of the messages to see if someone else already answered you - this one always gets me too riled up!!!

Clinton did not balance the budget - it is not within his Constitutional authority to do so. The balanced budget was a Republican priority (from the Contract with America), and has been something they were working on since 1992. They finally got the American people to put enough pressure on the Democrats in Congress and on the President to get the bill passed. Clinton was dragged to the signing kicking and screaming. As to raising taxes - Clinton doesn't have that power either. There is no Clinton stimulus package, as a matter of fact, there is no Clinton ANYTHING bill - he doesn't have the power. If you think those were good things, give credit to the Republican Congress that passed the bills.

<<the US went immediately from a growing deficit to a shrinking deficit after the Clinton stimulus package >>

This is actually proof that Clinton had nothing to do with the economy recovering. NO stimulus package has an immediate effect. Most economists I have read or seen say it takes between 2 and 4 years for the effects of any change other than interest rates to affect the economic trends. If you want to give credit for the turnaround, give credit to Alan Greenspan for keeping inflation under control, and the Republican Congress for balancing the budget (even though the balanced budget is a fiction created by acting as if the Social Security Trust Fund will not have to be repaid).
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