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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (32418)	9/3/2017 11:29:28 AM
From: TimF	Read Replies (1) \| Respond to of 362831

Republicans took control of Congress but didn't undo the tax increase, proving that the tax increases were necessary. No proving they didn't have enough votes to override a veto and they knew it. Also that there was a political compromise of some spending restraint (for example welfare reform) but no movement on taxes. The key's to balanced budgets under Clinton (to the extent there were such things, if you think the social security trust fund is a real thing than there were not any balanced budgets, if you considering the government as one entity instead then for a short time the budget was balanced or in surplus but the overall period when Clinton was president had a net deficit anyway) were 1 - The end of the cold war. 2 - The tech boom. 3 - Some domestic non-entitlement spending restraint (of which Paygo was a part) which would not have happened if the Republicans did not take over congress. 4 - A more favorable demographic situation than today. 5 - Fortunate timing for Clinton in that there was a recession just before he was president and just after, but nor during his presidency.