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To: Analog Kid who wrote (5117)10/26/2000 7:47:56 AM
From: Taylor Mill  Read Replies (1) | Respond to of 5853
 
Reluctantly, I respond O/T:

"Actually it was the sound economic policies promoted by people like Robert Rubin that solved the deficit problem. "

This is the opportunistic view that certain people will claim; but there is little doubt that the structural reforms that Reagan instituted years ago are the basis of the rewards being reaped in the Clinton years. The only credit that one should give the Clinton administration is that they did not carelessly undo the reforms made during the Reagan year. It is a credit to those like Rubin that they respected their predecessors and behaved appropriately instead of succumbing to the normal irresponsible ways of a democratic administration.



To: Analog Kid who wrote (5117)10/26/2000 9:19:42 AM
From: willcousa  Read Replies (3) | Respond to of 5853
 
But the reduction in government borrowing was not because of any policy of the Clinton-Gore administration - it was a result of a robust economy ballooning government receipts. There was no reduction in government spending under Clinton-Gore or any other action you can point to that accounts for an improvement in the economy. I challange anyone to cite an action of Clinton-Gore which helped the economy. Perhaps Rubin convinced C-G to curb their big government tendencies to some extent? This economy was robust for about 10 years of the Reagan-Bush administrations with a small hiatus which cost Bush the election. Ironically, the economy had picked up before Clinton even took office.