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: chartseer who wrote (103390)	4/25/2011 11:57:01 AM
From: TimF	2 Recommendations Read Replies (2) of 224750

If we go back to that level of spending there isn't any need to increase taxes. Clinton era spending levels (in nominal dollars) would produce surpluses with today's taxes. The estimate for federal revenue in 2011 is $2.17 trillion. Federal spending under Clinton 2001 United States federal budget - $1.9 trillion 2000 United States federal budget - $1.8 trillion 1999 United States federal budget - $1.7 trillion 1998 United States federal budget - $1.7 trillion 1997 United States federal budget - $1.6 trillion 1996 United States federal budget - $1.6 trillion secure.wikimedia.org Of course the same amount of nominal dollars would really be a spending cut. Take the 2001 budget adjust it for inflation, and you get $2.34 tril, so no surplus but the deficit is only $170bil rather than almost ten times that high. Take the 1997 budget and adjust it for inflation and you get $2.16 tril, so we would pretty much have a balanced budget ($10bil surplus).

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