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Politics : The Trump Presidency
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To: zzpat who wrote (68371)4/25/2018 2:51:12 PM
From: TimF  Read Replies (1) of 358344
 
How do you explain the balanced budgets after Clinton raised taxes

I've already explained it to you. It wasn't mostly from the tax increase. That played a part but you had the dotcom bubble generating extra tax revenue, the peace dividend/slashing of the size of the US military, and you had a new Republican congress that actually worked hard to contain spending (which sadly most of the Republicans in congress have moved away from except as a matter of rhetoric). And it was a temporary condition. If taxes were never cut you still would have had large deficit later on.
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