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**Rememavotscam** · 08-22-2011, 01:40 AM

Yes, he did. His final budget was in balance, and that was no accident. He already was reducing his deficits before the Republicans took over congress in '94. Clinton was on his way to balancing the budget and would have balanced it whether he had Democrats or Republicans in Congress. The fact that Republicans worked with him only means they get to share in the credit. It is good that they worked with them, unlike the current extremists who are determined to block absolutely anything Obama tries, no matter how conciliatory he tries to be.

Clinton understood the relationship between the deficit and business expansion.
Clinton continued Bush 41's defense cuts, retroactively eliminated tax cuts to the top 3%, and creat6ed a 5.6 trillion dollar projected surplus

When there is a deficit, private industry has to get in line behind the fed for access to short tern credit capital. A great example, ever wonder why Microsoft didn't put out a single major consumer roll out between 1990 and 1995 ? It was no coincidence. Industry uses short term credit, not their treasury to expand . Innovation is based on consumer demand, and the consumer demand, and the consumers buying power creates jobs, jobs create revenue

The US is a bottom up demand bases economy, always has been

08-22-2011, 01:40 AM	#26
Rememavotscam Join Date Oct 2005 Posts 500 Senior Member	Yes, he did. His final budget was in balance, and that was no accident. He already was reducing his deficits before the Republicans took over congress in '94. Clinton was on his way to balancing the budget and would have balanced it whether he had Democrats or Republicans in Congress. The fact that Republicans worked with him only means they get to share in the credit. It is good that they worked with them, unlike the current extremists who are determined to block absolutely anything Obama tries, no matter how conciliatory he tries to be. Clinton understood the relationship between the deficit and business expansion. Clinton continued Bush 41's defense cuts, retroactively eliminated tax cuts to the top 3%, and creat6ed a 5.6 trillion dollar projected surplus When there is a deficit, private industry has to get in line behind the fed for access to short tern credit capital. A great example, ever wonder why Microsoft didn't put out a single major consumer roll out between 1990 and 1995 ? It was no coincidence. Industry uses short term credit, not their treasury to expand . Innovation is based on consumer demand, and the consumer demand, and the consumers buying power creates jobs, jobs create revenue The US is a bottom up demand bases economy, always has been
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