EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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It's funny..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.Aww, take credit for it, there was a republican congress, was there not?Hysterical. The Clinton surplus led to a recession because the private sector turned to credit because they were in debt due to a lack of deficit spending. Look at my signature if you actually believe deficits cause recessions.dear, there are many factors the affect an economy so isolating one is impossible but we can be positive that the more govt spends the more it creates bubbles that eventually burst when the artifical spending is stopped. Now do you understand?
Bulletin: there never was a surplus during the Clinton administration.
It's the kind of propaganda that Leftist lame-brains believe.
True story.
care to tell us what your point is??