Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (130077)	3/2/2001 4:53:19 PM
From: Zoltan!	Respond to of 769667

Yes, you are wrong. The fiscal discipline began when the GOP defeated Clinton's health scare fiasco - a huge new entitlement. Fiscal discipline reached home when the GOP Congress took over in 1994 and forced a balanced budget on a recalitrant Clinton who fought it at every turn UNTIL Dick Morris said he had to go along. The GOP Congress stopped Clinton from raiding Social Security.

To: Nadine Carroll who wrote (130077)	3/3/2001 1:26:56 AM
From: Neocon	Respond to of 769667

My recollection is that several spending initiatives were defeated to clear the way for the final budget (isn't that the series of spending battles where Bob Kerrey called Clinton an egregious liar?). But beyond that, I agree with Zolt, that the Republicans halted Clintoncare, which was a huge budget buster, saved Social Security from being raided, and pressed for a 7 year goal for balancing the budget, which Clinton decried as unrealistic, choosing ten years instead. You are right, he raised taxes, and no recession ensued. However, given the remarkable productivity gains of the 90s, consequent upon the digital revolution, it is arguable that the adverse affect was masked, and that growth would have been even more robust without the hikes. The case is, in any event, equivocal. Also, the tax environment remained favorable compared to the confiscatory marginal rates eliminated in the 80s.