Mike_Hunt

Democrats are useless.

Yea, right. This will never happen.

Trump is living rent free in your head.

No, Bill Clinton Didn’t Balance the Budget Many in the media have flubbed this story. The New York Times on October 1st said, “Clinton balances the budget.” Others have praised George Bush. Political analyst Bill Schneider declared on CNN that Bush is one of “the real heroes” for his willingness to raise taxes — and never mind read my lips. (Once upon a time, lying was something that was considered wrong in Washington, but under the last two presidents our standards have dropped.) In any case, crediting George Bush for the end of the deficit requires some nifty logical somersaults, since the deficit hit its Mount Everest peak of $290 billion in St. George’s last year in office. And 1993 — the year of the giant Clinton tax hike — was not the turning point in the deficit wars, either. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president’s own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook? Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years. https://www.cato.org/commentary/no-bill-clinton-didnt-balance-budget

The OP is correct.

Why do you post these lies? List of budget surpluses since WW2 1947-1949: The first post-war period of surpluses, lasting three years. Truman (D) 1956: A single year of surplus amidst a period of deficits. Eisenhower (R) 1957: Another surplus year, following the 1956 surplus. Eisenhower (R) 1960: A surplus year during the Eisenhower administration. Kennedy (D) 1969: The last surplus year until the 1990s, marking a significant gap. Nixon (R) 1998-2001: A period of eight consecutive years of surpluses, ending in 2001. Clinton (D)

You are correct.

This warms my heart.

Bill Clinton played a significant role in deregulating the U.S. banking system. In 1999, he signed the Gramm-Leach-Bliley Act, which repealed key provisions of the Glass-Steagall Act, allowing commercial banks to engage in investment activities previously restricted to investment banks, and vice versa.24 This move was supported by Clinton's advisers, who argued that the separation between banking and other financial services mandated by Glass-Steagall was outdated in a globalized financial environment.2 The repeal of Glass-Steagall and subsequent deregulation measures led to a significant consolidation in the banking industry. By 2016, 57 percent of U.S. banks had disappeared, reducing the number of FDIC-insured commercial banks from 14,146 in 1934 to 6,172, with the largest banks becoming even larger and more dominant.

You are wrong. You should not comment on what you don't understand.

Let's do a thought experiment. What happens when someone from the GOP proposes cuts to the budget or any program? How do the Dems reply? a) That's a good idea, let's work out a plan. b) You are cruel and want to push all the grandmothers off a cliff.

Of course, the Dems have no agency. Got it.

The main drivers are defense, social security, Medicare, and Medicaid. Social Security has run permanent deficits since 2010. Medicare and Medicaid are money pits. You would figure that 15 years later, the Democrats might have taken a stab at dealing with Social Security.

Rama II is a criminal enterprise at this point.

They did this over the past 50 years. The current spending levels are 22% of the GDP. All balanced budgets have one number in common. Spending is less than 19% of the GDP.

Congress has been moving power to the executive branch for some time now.

It's funny how lefties suddenly hate taxes. Have you asked yourself how the POTUS has the power to impose tariffs?

It's remarkable that you don't understand the Dems built a government that we can't afford.

That's not entirely accurate. The budget surplus was due to the dot-com boom, which went bust in 2000.

To say one's retirement is going up, someone's retirement is going up in smoke at this point, is a little premature. The marks have been creeping back up. Remember, the markets also took a dump under Joe Biden. Stop being a drama queen.

Nah

I'd like to see congress pass no tax on social security.

I'm here to read the posts from the triggered lefties.

Another quality tourist in action.

What's your idea of a portfolio to deal with the reset?