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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Copeland who wrote (36287)	8/26/2010 11:06:16 AM
From: DuckTapeSunroof	Respond to of 103300

I can't argue with the true facts that you post, but there is one thing that I'd like to comment on.... there is (from the point-of-view of macro economics, and from the point-of-view of the future of the nation) a huge difference between running never-ending structural deficits through good times and bad, including all through the 'up' times in the business cycle, and government deficit spending during the depths of a massive near-Depression. One is counter-cyclical (helping to prevent even worse near-term collapse) while the other is simply NUTS --- eating the nation's seed corn and impoverishing the future. The truth is that, if Bush hadn't immediately ended the budget surplus (hard-won over eight years) of Clinton's last year, and then proceeded to create steadily higher deficits year-by-year, we quite likely might not have a deficit even now --- and certainly not anything like a serious structural one.