Quote:
Originally Posted by Guest
What, have you been living under a rock? A Democratic president, Bill Clinton was the one who balanced the budget and actually created a budget surplus. Of course Bush came in and wrecked the economy with that stupid war.
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First off, it was congress that "balanced" the budget.
Second, Clinton NEVER had a surplus. Anyone can put a budget on a piece of paper on his way out the door, not knowing what next year is going to cost. At any rate, NO ONE has had a surplus which allowed them to pay down on the national debt since Eisenhower. ( a Republican ).
As for a Democrat president lowing taxes, I believe Kennedy might have been responsible for some tax breaks. I would have to look it up to be sure.
As much as I hate to say it, in my opinion Bush hosed up by lowering the tax rates to the extent that half the country gets out of paying their equal share (the lower 47%). All that did was cause 47% Democrat voters. The tax rates were supposed to be temporary but Obama wanted to keep all but the wealthy tax breaks.