Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: zzpat who wrote (42352)	10/28/2017 1:27:26 PM
From: TimF	Read Replies (1) \| Respond to of 360584

President Clinton and the Democratic Party tax increases put us on a path of balanced budgets AND paying down all our debt. No they didn't. Briefly, during a boom, and after a large cutback in the size of the military, you had balanced budgets or modest surpluses. That's not "on a path" to anything significant. Esp. since while the overall debt level of the federal government went down briefly and slightly, the net future unfunded liabilities kept going up. Even with more spending restraint then ever since (and than for some time before), a big military cut back, and a stock market and to a lesser extent general economic boom, the overall fiscal position of the federal government got worse. (Because of the growing entitlement liability).