Political LIES seem to live forever....

J.E.D

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So you and Big Government are still hung up on Clinton? What's the matter? Are you trying to make Bush look good, or can you just not stand it that a Democratic president balanced the budget?
 
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asaratis

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So you and Big Government are still hung up on Clinton? What's the matter? Are you trying to make Bush look good, or can you just not stand it that a Democratic president balanced the budget?
Eisenhower was the last to balance a budget.

The post had nothing to do with Bush. It had to do with political LIES...in particular, one that has been around ever since Slick Willie Clinton and his cronies pulled the wool over your eyes.
 

J.E.D

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Clinton balanced the budget. He left Bush with a record surplus. Too bad Bush spent it all. Sorry, you were saying something about lies?
 

waltky

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Political oxymoron makin' a moron outta Boehner...
:eusa_eh:
Boehner Won't Rule Out 'Balanced Budget Amendment' That Permits Unlimited Federal Spending
October 27, 2011 – House Speaker John Boehner (R-Ohio) indicated at a press briefing Thursday that the House Republican leadership is not ruling out the possibility that it will support a balanced budget amendment that does not cap federal spending as a percentage of Gross Domestic Product or require a supermajority in Congress to increase taxes.
The legislation to increase the federal debt limit--that Boehner negotiated with President Barack Obama in August--requires both houses of Congress to vote on a balanced budget amendment before the end of the year. However, the legislation does not specify what type of balanced budget amendment must be considered in that vote. Conservative analysts have argued that an amendment to the Constitution that requires Congress to balance the federal budget but does not require Congress to limit federal spending to a set percentage of GDP or to muster supermajorities to raise taxes would be a formula for bigger government and higher taxes.

At Boehner's briefing today, CNSNews.com asked the speaker: “There are two versions of a Balanced Budget Amendment, one that caps spending as a percentage of GDP and requires a supermajority to raise taxes, and one that doesn’t have the spending cap and the supermajority requirement. Many conservatives oppose the version that does not cap spending and does not require a supermajority. Has the House Republican leadership ruled out supporting the version that does not [cap spending]?”

In response, Boehner said the House Republican leadership had not yet decided which version of a balanced budget to bring up for a vote in the House. “There are at least half a dozen different versions of a balanced budget amendment to our Constitution," Boehner said. "Many of us believe that a Balanced Budget Amendment is the ultimate enforcement mechanism to control spending here in Washington. “As we approach this vote, the [majority] leader and I are going to listen to our members about which version they would want us to vote on, and we’ve got no decision yet, but we’re going to work with our members to make that decision.”

There are two primary versions of a balanced budget amendment. One version, which conservative critics are calllng a "weak" BBA, merely requires that Congress balance the federal budget each year unless a supermajority votes to waive the requirement and run a deficit. The second is the version envisioned in the Cut, Cap, and Balance legislation that the House passed earlier this year. That version called for capping federal spending at a percentage of GDP--18 percent was the figure cited by its authors--and required a two-thirds majority in both houses to pass a tax increase.

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Avatar4321

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Clinton balanced the budget. He left Bush with a record surplus. Too bad Bush spent it all. Sorry, you were saying something about lies?
There was no surplus. It never existed. It was a ten year projection calculated on bad information and based on the premise that the economy would continue to grow regardless of reality.

Naturally when the Clinton recession began, it made an actual surplus impossible to obtain.
 

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