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


To: zzpat who wrote (68382)4/25/2018 3:19:49 PM
From: TimF  Read Replies (1) | Respond to of 358359
 
You
When did the dotcom bubble happen?
Message 31587275

Me
The peak was in 2000
Message 31587296

You
Wrong. Dot.coms were only a couple years, from 97-00
Message 31587300

I'm sorry. I thought 00 and 2000 were the same thing in this context. Seems odd that the dotcom bubble peaked in 1900 or maybe 1000 but ok, whatever you say.

The deficits fell like a rock the year after taxes were raised in 93

They didn't fall like a rock. They did fall from 92 but a big part of that was cyclical. You also had the decline in the size of the active military from 2.2 million personnel under Bush to 1.8 million at the beginning of Clinton's 1st term to 1.4 million in 2000. You had the Republicans take over (and Republicans who actually did something about restraining spending growth rather then just giving the idea lip service) in Jan 2005.

Despite all of that you still had an increased in debt to the public (one definition of deficits) until '98, and an increase of total treasury debt including intergovernmental debt (another definition) every year during Clinton's presidency.