It was done by a republican Congress. They hold the checkbook.
If you look at the Treasury web page, the reality fell about $21B short of balance.
disloyal_royal on
100% but why are other balanced budgets tyrannical?
Educational-Dance-61 on
Then the right thinktanks and foundations spent years villinizing Clinton. All so they could continue tax breaks for the rich to be paid back by the children of the middle class
LockJaw987 on
You can’t really compare those times with now. Clinton inherited arguably the easiest presidency of all time, without major war, instability, and marked by imnense technological innovation driven by American hegemony, bringing in massive revenue
jaydeetol on
🤣🤣🤣 guess how he did it…. Giving major tax breaks to the rich and big business.
SeenSawConquered on
They lied. it was still a huge deficit, and you all belive it.
voterscanunionizetoo on
It was a mistake, the result of the ’92 Ross Perot presidential campaign. He had a lot of good ideas, and when he won 19% of the vote, the two parties both coopted his sound-bite idea: balance the budget. However, on this one issue Perot was wrong: the budget [should not be balanced](https://americanunion.substack.com/p/the-ross-perot-fallacy).
Usually a strong third party candidate/party will get absorbed into one of the major parties, like Wallace’s 14% of the vote in 1968 went to the Republicans after that. But with Ross Perot, the major parties cooperating on the one idea of balancing the budget meant that his voters sorted themselves back into the two parties.
9 Comments
It was done by a republican Congress. They hold the checkbook.
If you look at the Treasury web page, the reality fell about $21B short of balance.
100% but why are other balanced budgets tyrannical?
Then the right thinktanks and foundations spent years villinizing Clinton. All so they could continue tax breaks for the rich to be paid back by the children of the middle class
You can’t really compare those times with now. Clinton inherited arguably the easiest presidency of all time, without major war, instability, and marked by imnense technological innovation driven by American hegemony, bringing in massive revenue
🤣🤣🤣 guess how he did it…. Giving major tax breaks to the rich and big business.
They lied. it was still a huge deficit, and you all belive it.
It was a mistake, the result of the ’92 Ross Perot presidential campaign. He had a lot of good ideas, and when he won 19% of the vote, the two parties both coopted his sound-bite idea: balance the budget. However, on this one issue Perot was wrong: the budget [should not be balanced](https://americanunion.substack.com/p/the-ross-perot-fallacy).
Usually a strong third party candidate/party will get absorbed into one of the major parties, like Wallace’s 14% of the vote in 1968 went to the Republicans after that. But with Ross Perot, the major parties cooperating on the one idea of balancing the budget meant that his voters sorted themselves back into the two parties.
Oh another fiscally responsible DEMOCRAT
Thanks to Neut Gingrich!