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To: willcousa who wrote (5119)10/26/2000 9:47:46 AM
From: TigerPaw  Read Replies (1) | Respond to of 5853
 
I challange anyone to cite an action of Clinton-Gore which helped the economy.
The budget was balanced primarily due to the more reasonable tax structure promoted by Clinton and passed by Gore's tie breaking vote, without a single Republican vote.

This economy was robust for about 10 years of the Reagan-Bush administrations
This statement proves that a robust economy alone does not lead to reduced deficits. Government receipts were dropping compared to the GNP all at a time that role of government was expanding.

In spite of todays normal October market action, the economy is still robust. A large stimulus in the form of a tax cut would push the trade balance and inflation figures over the edge.
TP



To: willcousa who wrote (5119)10/26/2000 7:27:29 PM
From: Analog Kid  Read Replies (2) | Respond to of 5853
 
But why didn't the robust economy of the 80s balloon government receipts? Instead the debt went from 1 trillion to 5 trillion.



To: willcousa who wrote (5119)10/26/2000 7:35:07 PM
From: Analog Kid  Read Replies (1) | Respond to of 5853
 
I challange [sic] anyone to cite an action of Clinton-Gore which helped the economy.

Raising the minimum wage. According to supply-side economic theory, this should have dramatically increased unemployment. Instead unemployment dropped to generation lows. The prosperity of the 90s reached many more people than the trickle-down prosperity of the 80s.