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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jamie153 who wrote (1139252)	6/4/2019 6:57:32 PM
From: mel221	Read Replies (3) \| Respond to of 1574098

>> The tax increase resulted in balanced budgets Show us the data that proves your statement. This has been discussed on SI for 20 years and I have the government data that proves your statement to be a lie. Your poor attempt at liberal revisionism is amateurish at best. I will call it what it is; lies and liberal talking points. Tell us about the cold war surplus and its economic impact. And tells us about the emerging internet and its impact on investment. And don't forget about the simulative impact of Y2k investments. Bill Clinton's tax increase had nothing to do with the positive economic impacts of the issues I cited. Bill Clinton's tax increase did have the impact of prolonging the economic downturn of 93 well into 94. This causes higher levels on unemployment and misery for millions of Americans. But, it did have the positive effect of low interest rates. Corporations, owned by rich white people, loaded up on cheap debt. The resulting economic dynamo, combined with the economic issues I mentioned earlier, resulting in a short term economic expansion that is still legendary. The economic euphoria eventually ended resulted in a series of recessions in the early 2000s as the Clinton hangover took effect. The stock markets corrected heavily while Clinton was still in office. You remember that right? As to Gingrich, he kept Clinton's desire to spend in check. In his 1996 budget, "Clinton proposed to stabilize the deficit at around $190 billion. He did not propose to balance the budget. The Republicans under Gingrich pushed him into it," Edwards said, and that materialized in the Balanced Budget Act of 1997. politifact.com