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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (146632)	10/30/2014 5:31:24 PM
From: pcstel	Read Replies (2) \| Respond to of 149317

<His VP had the tie-breaking vote on the tax increase he wanted.< Only in you poor distorted imagination. Top Marginal Tax Rates. 1991 31% - Bush Sr. 1992 31% - Bush Sr. 1993 39.6% - Clinton 1994 39.6% - Clinton 1995 39.6% - Clinton 1996 39.6% - Clinton 1997 - 39.6% - Clinton 1998 - 39.6% Clinton 1999- 39.6% Clinton 2000 - 39.6% Clinton So if the increase in the tax rate was responsible for the Federal Surplus??? Why did it take 5 years. If the tax rates were responsible, then we should have seen a surplus in 1995? In reality. The period from 1991 to 2000 represented the most significant inflows in revenues to the Treasury. Deficits during the 8 years of the Reagan Administration was a total of 1.5 Trillion Deficits during the first 5 years of the Obama Administration 5.835 Trillion. And so it goes, Obama nearly matched 8 years of Reaganomics deficit spending in his first year in office. PCSTEL