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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (10371)2/25/2012 10:21:25 AM
From: Logain Ablar  Respond to of 85487
 
Wharf:

The revenue stream dropped with the bursting of the bubble. The party was over well before Bush took office. If you look you can see January 2001 on this chart. The tax cut was approved end of May of 2001. Would the subsequent low have been the bottom of the economy at the time, who knows as we then we had 9/11.

The tax cut is just one variable, as was the option income in w-2's. It is never that simple. The whole economy had slowed down prior to his taking office. I blame it on the mis allocation of capital due to the bubble.





To: Wharf Rat who wrote (10371)2/25/2012 5:26:41 PM
From: sm1th3 Recommendations  Read Replies (1) | Respond to of 85487
 
The surplus for the first four months of fiscal year 2001 was $71 billion, CBO estimates, $29 billion more than for the same period last year.

The Clinton "surpluses" were just an accounting scam. The federal debt rose every year he was in office. How does the debt rise if the budget is in surplus? You and other Dem's love to claim credit for this and Gingrich supporters also do. On this issue both sides are equally full of it.


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