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

To: Jamie153 who wrote (1358907)	5/16/2022 6:43:52 PM
From: Brumar89	Read Replies (1) \| Respond to of 1572675

No, but Clinton never would've tried to balance the budget if Republicans were willing to be the tax raisers for the welfare state.

To: Jamie153 who wrote (1358907)	5/16/2022 6:45:25 PM
From: rdkflorida2	1 Recommendation Recommended By pocotrader Read Replies (2) \| Respond to of 1572675

Jamie, for the record, I was there, Clinton did it by raising taxes, used the "peace dividend" to reduce the growth of defense spending, and he "pared" back social spending. Reagan's big mistake, imho, was depending on tax cuts and supply side economics to grow the economy faster then spending would grow. Turned out it could not. Thus Reagan ended up almost tripling the debt. It's hard to get congress to stop spending. And I mean both parties. IMHO, a combination of Clinton/Reagan policies would work today.