SI
SI
discoversearch

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 : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (44196)7/15/2010 3:22:41 PM
From: TimF2 Recommendations  Read Replies (2) | Respond to of 71588
 
In other words their existence is NOT DERIVED FROM temporary fluctuations of the business cycle

Except a large part of the deficits in the late Bush I years where dervived from the business cycle, as was a large portion of the improvement moving in to the Clinton years.

the deficits are more fundamental

No it doesn't mean that at all. A structural deficit is a deficit that can only be addressed through policy changes, not just through being at a better part of the economic cycle, but under the right circumstances some deficit changing policy changes are easy, other policies which increase or reduce deficits are temporary from their outset. There is nothing automatically or inherently fundamental or more fundamental about such deficits.

Re: "And the cyclical situation for Clinton was the best of any modern president"

THAT is simply belied by the facts....


No it is fact. His presidency was timed perfectly to cover a period of strong growth in between two recessions, one right before and one right after his presidency.

And not just the cyclical situation was best for Clinton, but the military/security cost situation, and the situation in congress was the best, in terms of having the ability to control spending and reduce deficits.