Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: American Spirit who wrote (4054)	8/7/2006 10:49:08 AM
From: TimF	Read Replies (2) of 224724

You don't see the middleclass getting any of the benefits of any of their trillions in deficit spending or tax cuts. The middle class has indeed benefited from the tax cut, both directly in terms of paying lower rates, and indirectly from its positive effect on the economy. Quite a few of them have also benefited directly or indirectly from the extra spending, but the net total effect of that is negative. In his final year Clinton delivered a 225 billion surplus. Clinton had something of an economic bubble bringing in extra revenue. He also had a congress more concerned about limiting spending than any since and any for a long time before. He also had the opportunity to greatly draw down the military after the end of the cold war which saved a lot of money. He probably drew it down too much (witness all the claims that we should have had a larger force in Iraq). Also he didn't deliver a surplus. The national debt didn't decrease by $225 billion in any year under Clinton, and the net balance of assets vs. future obligations became worse every year (yes it has become worse at a faster rate under Bush, but Clinton didn't have a real surplus).

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