GOP Budget Busting 101

[HikerGuy83]

SURE, SURE

FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’​

MANY MORE HERE

FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’

archive.thinkprogress.org

Establishing Fiscal Discipline and Paying off the National Debt

President Clinton's Record on Fiscal Discipline: Between 1981 and 1992, the national debt held by the public quadrupled. The annual budget deficit grew to $290 billion in 1992, the largest ever, and was projected to grow to more than $455 billion by Fiscal Year (FY) 2000

One of the reasons Goldman Sachs cites for the "best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
— Goldman Sachs, March 1998

"Clinton's 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997

The Clinton Presidency: Historic Economic Growth

What are you arguing with.

I give Clinton lots of credit.

But he had to come around.

Remember, his first priority after being sworn in was gays in the military.

 

[HikerGuy83]

Dubya could've got us to zero? WTF are you talking about? Dubya has ZERO growth without his ponzi scheme called the "home ownership society"

You stupid ass....if he had stayed with Clinton's efforts and not taken us to war....the CBO said, we'd get there.

I am talking about positioning.

Bush ****ed it up royally and I'd probably beat the hell out him if I was ever around him.

 

[JonKoch]

So he didn't get his ass handed to him in 1994?

That's the real BS

Yeah, who knew people wanted to dine and dash like Ronnie, THEN Dubya and Cheeto did, while they stole the tip jars



I'm shocked being fiscally conservative in 1993 to tax the US to pay for what they wanted, hurt his electionin '94

"Following the razor-thin passage of the 1993 Omnibus Budget Reconciliation Act, President Bill Clinton predicted that lawmakers who voted for the controversial deficit-reduction package would be rewarded by their constituents at the ballot box for prioritizing the national economic interest."


"I say to those Members who took a big chance in voting for this, with all the rhetoric that was thrown against them, if you go home and look your people in the eye and tell them you were willing to put your job on the line so that they can keep their jobs, I think they will understand and reward you with reelection."


The Context & Outcome:

• Political Risk: The Omnibus Bill (which raised taxes and cut spending to reduce the national deficit) was highly unpopular among Republicans and passed without a single GOP vote in either chamber. Many vulnerable Democrats faced severe political backlash.

• The 1994 Election: Clinton's prediction did not hold true for the immediate election cycle. In the 1994 midterm elections, the Democrats suffered massive defeats, losing control of both the House and the Senate largely due to public discontent over the tax increases and the failure of his subsequent healthcare reform efforts.

• The 1996 Election: Long-term, the economic plan was credited with significant deficit reduction and job growth. This helped Clinton secure re-election in 1996, making him the first Democrat to win a second term since Franklin D. Roosevelt

GOOGLE AI

 

[JonKoch]

Both sides suck.

Yet ONLY Clinton, Obama and Biden handed the next guy a smaller deficit than the one they inherited since Carter, go figure

 

[JonKoch]

What are you arguing with.

I give Clinton lots of credit.

But he had to come around.

Remember, his first priority after being sworn in was gays in the military.

Sure, more BS premises

 

[HikerGuy83]

Right TODAY you don't like Dubya BUT loved him for his first 6 years right?

Can you show me where I said that you dumbass. I never liked the guy.

I was a huge fan of Cheney's but that turned out to be misplaced. When he said deficits don't matter, I nearly crapped my pants.

 

[HikerGuy83]

Sure, more BS premises

You throw a lot of elctronic bs around.....

I get that your Hillary Clinton blow doll doesn't satisfy you (and it should becasue she really sucks), but don't come her thinking this is the therapy you need.

 

[JonKoch]

You stupid ass....if he had stayed with Clinton's efforts and not taken us to war....the CBO said, we'd get there.

I am talking about positioning.

Bush ****ed it up royally and I'd probably beat the hell out him if I was ever around him.

Wasn't just war spending, the US after 9/11 had money flooding into the "safety" of the US markets, Dubya used it (with Greenspan) to "juice" the economy with tax cuts for the richest and his "home ownership society" ponzi scheme he later blamed on Barney and the Democrats


CBO said IF revenues and spending stayed the same, US debt would be gone, that was why Greenspan testified he was ok with the first Dubya tax cut for the richest

Dubya's UNFUNDED tax cuts (and Ronnie/Cheeto's) and UNFUNDED Medicare expansion in the middle of the night (costs $230+ billion this year alone) is what's really driving US debt today

 

[HikerGuy83]

Sure, more BS premises

What? His first acts and focus wasn't gays in the military.

What a blind fool you are.

 

[HikerGuy83]

Yet ONLY Clinton, Obama and Biden handed the next guy a smaller deficit than the one they inherited since Carter, go figure

Talk about BS premises.....

Obama ran trillion dollar deficits consistently as he presided over a very sluggish recovery.

They FINALLY started coming down.

Hard not to see how your statement here is lauding a pile of horse****.

 

[JonKoch]

You throw a lot of elctronic bs around.....

I get that your Hillary Clinton blow doll doesn't satisfy you (and it should becasue she really sucks), but don't come her thinking this is the therapy you need.

Right, a campaign promise to lift a ban on gays in the military was his "first" priority, lol

 

[HikerGuy83]

Wasn't just war spending, the US after 9/11 had money flooding into the "safety" of the US markets, Dubya used it (with Greenspan) to "juice" the economy with tax cuts for the richest and his "home ownership society" ponzi scheme he later blamed on Barney and the Democrats


CBO said IF revenues and spending stayed the same, US debt would be gone, that was why Greenspan testified he was ok with the first Dubya tax cut for the richest

Dubya's UNFUNDED tax cuts (and Ronnie/Cheeto's) and UNFUNDED Medicare expansion in the middle of the night (costs $230+ billion this year alone) is what's really driving US debt today

And tell me where I've argued against that point.

GWB will be next to Obama and Carter as one of the worst presidents in history.

 

[JonKoch]

What? His first acts and focus wasn't gays in the military.

What a blind fool you are.

OK, I get it, self hatred for being gay?

 

[JonKoch]

And tell me where I've argued against that point.

GWB will be next to Obama and Carter as one of the worst presidents in history.

Dubya is barely above Cheeto, but Obama and Carter, middle of the pack. Obama is the second best conservative Prez since Ike, only BJ Bill was better

 

[JonKoch]

Talk about BS premises.....

Obama ran trillion dollar deficits consistently as he presided over a very sluggish recovery.

They FINALLY started coming down.

Hard not to see how your statement here is lauding a pile of horse****.

Right, Dubya/GOP policies created it

 

[HikerGuy83]

OK, I get it, self hatred for being gay?

No. Historical facts.

Clinton was not at all caring about the budget and was sucking on the rear end of the left wing of the party.

You had DADT as one of his first priorities and well as HillaryCare.

He budget efforts were not that hard as things were rolling pretty good coming out of the first Bush's recession. But thank heavens he stayed the course.

There are lots of reasons (people will argue) as to why, but the fact is that he had surplusses for at least three years in a row.

After getting his ass handed to him in 1994. If he had been willing to spend more, I am sure the idiots in congress would have gone along with him.

 

[JonKoch]

Talk about BS premises.....

Obama ran trillion dollar deficits consistently as he presided over a very sluggish recovery.

They FINALLY started coming down.

Hard not to see how your statement here is lauding a pile of horse****.

On January 8, 2009, the Congressional Budget Office (CBO) projected a record federal budget deficit of $1.2 trillion for the 2009 fiscal year. This historic shortfall was driven by plummeting tax revenues from the Great Recession and massive emergency spending, including the Troubled Asset Relief Program (TARP) financial bailouts


12 days before Obama came into office, it ended up $1.4 trillion

AGAIN, ONLY CLINTON, OBAMA AND BIDEN HANDED THE NEXT GUY A SMALLER DEFICIT SINCE CARTER DID

 

[HikerGuy83]

Right, Dubya/GOP policies created it.

l get that you can't help but pork your Obama doll all the while starting at your Hillary Doll.

Fact is that Obama wasn't all that good. In fact, he was pretty bad.

Crappy leader....

Poor on spending.....you know...all those shovel ready jobs that SFB's like Paul Krugman were touting.

But nor arguing that Bush's terrible fiscal leadership handed Obama something that wasn't near as good as it could have been. NO WHERE NEAR.

But Obama sucked at trying to fix it.

 

[JonKoch]

No. Historical facts.

Clinton was not at all caring about the budget and was sucking on the rear end of the left wing of the party.

You had DADT as one of his first priorities and well as HillaryCare.

He budget efforts were not that hard as things were rolling pretty good coming out of the first Bush's recession. But thank heavens he stayed the course.

There are lots of reasons (people will argue) as to why, but the fact is that he had surplusses for at least three years in a row.

After getting his ass handed to him in 1994. If he had been willing to spend more, I am sure the idiots in congress would have gone along with him.

Forget historical FACTS and go with your gut. Got it

Poppy had 17% of GDP in revenues his final F/Y (1993) October 1, 1992 to September 30, 1993


1994- Clinton first year - 17.5% GDP revenues
1995- Clinton 17.9%
1996- Clinton 18.3%
1997- Clinton 18.7%
1998- Clinton 19.3% (First Clinton BUDGET surplus)
1999- Clinton 19.3% (Second Clinton surplus)
2000- Clinton 20% (Third Clinton surplus)
2001- Clinton 18.9% (Fourth Clinton surplus)
How did BJ BILL CLINTON, take US from

• Debt-to-GDP Ratio (1993): ~64.0%. TO JUST 54.7% IN F/Y 2001

Post in thread 'GOP Budget Busting 101'

Apr 6, 2026

Let's bypass that serial tax increaser, Poppy Bush for now and go to the best conservative Prez since Ike, BJ Bill

• Total Federal Debt (1993): ~$4.351 trillion (at fiscal end).
• Debt-to-GDP Ratio (1993): ~64.0%.

Wait, was Poppy a secret proliferate spender?



"During George H.W. Bush’s presidency (1989–1993), the U.S. national debt rose by approximately $1.55 trillion, representing a 54% increase over his four-year term. He inherited a large deficit from the Reagan administration and faced a struggling economy, which, along with the...

• JonKoch

 

[HikerGuy83]

AGAIN, ONLY CLINTON, OBAMA AND BIDEN HANDED THE NEXT GUY A SMALLER DEFICIT SINCE CARTER DID

Again...it doesn't matter because the context of those things tell a different story.

Biden's first deficit was in the middle of COVID...that goes to Biden and the Blue States. Suck on it.

So giving Trump something smaller was still a 1.7 trillion dollar deficit .....the last in a string of 1.5+ trilliion dollar deficits that he had run all the while "Bidenomics was working" (yeah....to run up inflaction).

Yep...Obama had the first trillion dollar deficit.