Did clinton really balance the budget?

[Muhammed]

That wasn't a bad drop, because the industries impacted were immature to begin with.

The 2008 one was worse, because it impacted established businesses, investment banks, regular banks, and impacted credit.

That was in the making since the Carter years. Stupid government regulations required banks to use one of a very few corrupt credit reporting agencies approved by the government that were to be paid by the lender.

Then they would sell the risky loans to Fannie Mae.

That's an inherent conflict of interests in the system.

Republicans saw that coming and tried to make reforms before the housing crisis but they were blocked by the democrats.

Turns out that redlining was a very sound policy.

 

[abu afak]

Unlike Muskump, Clinton methodically, and with Bipartisan support did what Muskump is trying: trimmed 377,000 workers in 6 years and Balanced the budget.

Claim:
During his time in office, U.S. President Bill Clinton oversaw the termination of 377,000 federal employees.
Rating:

True


""....Clinton-era initiative that "oversaw the termination of 377,000 federal employees," as evidence that Trump and Musk had simply "learned from the master."

It's true that during his presidency, Clinton reduced the federal government's workforce by more than 377,000 employees as part of an initiative called the National Partnership for Reinventing Government (initially called the National Performance Review, or NPR). However, there's a key difference between how Clinton's NPR cut jobs and what Trump and Musk are trying.

In March 1993, just two months into his presidency, Clinton announced the creation of the National Performance Review, led by his Vice President, Al Gore. Its goal, according to [Clinton's announcement /LINK], was "to make the entire Federal Government both less expensive and more efficient, and to change the culture of our national bureaucracy away from complacency and entitlement toward initiative and empowerment."

The review lasted six months, and made 384 recommendations to improve the federal bureaucracy. The implementation of those policies took a lot longer, and some required legislation to be passed through Congress. For instance, in 1994, Clinton [signed a bill/LINK] that offered federal workers buyouts of up to $25,000 in an effort to reduce the workforce by 272,000 employees. According to an [April 1995/LINK] statement from Clinton, the buyouts were largely offered to management positions in an effort to "reduce the layers of bureaucracy and micromanagement that were tying Government in knots.
[......]

Clinton initiative cut over 377K federal jobs in the 1990s. It's not comparable to Trump's effort

Social media posts claimed Donald Trump and Elon Musk had simply "learned from the master" in their attempts to cut government jobs.

www.snopes.com

`

 

[Nostra]

Bullshit on the George H.W. Bush notion, but yes, Newt Gingerich and the Republican Congress deserve SOME, but nowhere near ALL of the credit. A HUGE part of the balanced budget had to do with Clinton increasing the minimum wage which both reduced unemployment, and increased federal revenues, and that increase is ALL on Bill Clinton.

The only time Republicans have increased the MM since Carter was in office, was 2008, as the economy was crashing. Instead of increasing the MM, Republicans keep increasing earned income credits, which increases the deficit and acts as a wage subsidy to Americans most profitable corporation.

The minimum wage balanced the budget?

You colossal moron, people making minimum wage don’t pay income taxes. They get money back from other taxpayers.

What an idiot.

 

[Independent thinker]

I'd take Bill Clinton over any current Democrat in a second. He was a liberal in the classic sense, and he was pragmatic.

It's funny how under Trump we have various well known older democrats attacking every single policy Trump does and yet we can dig up quotes from them in the past where they were championing the very same policies Trump is doing.

 

[martybegan]

It's funny how under Trump we have various well known older democrats attacking every single policy Trump does and yet we can dig up quotes from them in the past where they were championing the very same policies Trump is doing.

It's all contrarian for Dems, because they can't actually explain in detail what their positions are.

 

[Independent thinker]

Walk me through the steps of your theory.

The left issue talking points and force blue kool aid down their throats and then they regurgitate those talking points.

 

[Independent thinker]

The minimum wage balanced the budget?

You colossal moron, people making minimum wage don’t pay income taxes. They get money back from other taxpayers.

What an idiot.

Dragon has a lot of screws loose. All she does is breathe fire. That's it.

 

[IM2]

Whatever Clinton did or didn't do, the Republicans controlled Washington at the start of the century and nearly created a depression because they deregulated the financial industry.

 

[Independent thinker]

It's all contrarian for Dems, because they can't actually explain in detail what their positions are.

What I found very interesting is when The View asked Kamala Harris a supposed softball question about what she would have done differently than Biden and now the left blame Harris for fumbling the question and yet those on The View, if they were asked what they would have done differently than Biden, they wouldn't have been able to answer their very own question either because they wouldn't have done anything any differently than Biden themselves.

 

[Independent thinker]

Whatever Clinton did or didn't do, the Republicans controlled Washington at the start of the century and nearly created a depression because they deregulated the financial industry.

Ummmmmmmmmm, if you look at the stock market and our GDP, they are both exponentially higher now than back then. So, your response is nothing but a pile of shit. Nothing new for you though.

 

[IM2]

Dragon has a lot of screws loose. All she does is breathe fire. That's it.

Actually, when looking at the facts, Dragonlady is generally spot on. You arrogant MAGATS believe that everything Republicans do is perfect, that every Republican policy saves America when the reality is that the policies of the Republican party, starting with Reagan failed. Trickle-down economics never worked. Bush one was sent home because he had to raise taxes to offset the losses created by Reagan. Clinton had to raise taxes because Bush didn't recover what was lost. even with his tax increase.

 

[Independent thinker]

Actually, when looking at the facts, Dragonlady is generally spot on. You arrogant MAGATS believe that everything Republicans do is perfect, that every Republican policy saves America when the reality is that the policies of the Republican party, starting with Reagan failed. Trickle-down economics never worked. Bush one was sent home because he had to raise taxes to offset the losses created by Reagan. Clinton had to raise taxes because Bush didn't recover what was lost. even with his tax increase.

I can always count on you and her to make me laugh. Why don't will pull up a bunch of both of your posts from just before the election just to see how wrong the two of you always are?

 

[IM2]

Ummmmmmmmmm, if you look at the stock market and our GDP, they are both exponentially higher now than back then. So, your response is nothing but a pile of shit. Nothing new for you though.

And since you were talking about what Clinton did back then, your response is a pile of shit. Which is standard for your dumb ass. We're not here now because of Bush 1. Thank Obama for saving our economy.

 

[IM2]

I can always count on you and her to make me laugh. Why don't will pull up a bunch of both of your posts from just before the election just to see how wrong the two of you always are?

I don't really take seriously a person who is a member of the party that has lost 3 of the last 4 national elections and tried an insurrection because they had a meltdown about losing. Besides what we see happening now proves that we were the ones who are right. Just because Trump was elected doesn't mean he was the right choice. Understand that, then shut your mouth.

 

[Independent thinker]

And since you were talking about what Clinton did back then, your response is a pile of shit. Which is standard for your dumb ass. We're not here now because of Bush 1. Thank Obama for saving our economy.

So, you deflected from my post.

 

[IM2]

What I found very interesting is when The View asked Kamala Harris a supposed softball question about what she would have done differently than Biden and now the left blame Harris for fumbling the question and yet those on The View, if they were asked what they would have done differently than Biden, they wouldn't have been able to answer their very own question either because they wouldn't have done anything any differently than Biden themselves.

She was right to say she would continue the successful policies implemented by Biden.

 

[IM2]

So, you deflected from my post.

No, I'm sticking to the thread topic.

Did clinton really balance the budget?​

 

[Independent thinker]

I don't really take seriously a person who is a member of the party that has lost 3 of the last 4 national elections and tried an insurrection because they had a meltdown about losing. Besides what we see happening now proves that we were the ones who are right. Just because Trump was elected doesn't mean he was the right choice. Understand that, then shut your mouth.

Ummmmmmmmmmmm, your party was thrown out in November, with Trump winning all seven swing states, the popular vote, retaining the House, and taking back the Senate. Many democrats themselves admit their party is in shambles and recent polls show Americans only give democrats a 21% approval rating, half of Trump's approval rating. Are you a fact denier and an election denier?

 

[IM2]

It's funny how under Trump we have various well known older democrats attacking every single policy Trump does and yet we can dig up quotes from them in the past where they were championing the very same policies Trump is doing.

Trump isn't doing the same thing Clinton did.

 

[Nostra]

The buck stops here.

I don’t recall you blaming Biden for his rampant inflation.