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View Diary: The Federal Budget Can't Be Balanced (56 comments)

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  •  You didn't even read the diary, did you ? (5+ / 0-)

         I wish it were that simple. It's not.

    When a President goin' through the White House door does what he says he'll do, we'll all be drinkin' that free Bubble-Up and eatin' that Rainbow Stew - Merle

    by Azazello on Wed Jan 26, 2011 at 06:09:16 PM PST

    [ Parent ]

    •  Clinton did it. So it is "that simple". (0+ / 0-)

      It takes political courage which Obama lack as his Reaganesque promise of cuts to Federal spending and fabulous new programs demonstrates.

      Clinton balanced the budget for eight years and his position in 93 was similar to Obama's in 09. Difference is Clinton had political courage and patriotism and did what was right for the country.  Obama did what was expedient and that is reflected in his phony speech.

      •  It's got nothing to do with courage. (1+ / 0-)
        Recommended by:
        Sparhawk

        Read the diary, read the thread. Clinton was able to balance the budget, for only his last year by the way, because the private sector was going into debt like crazy.

        When a President goin' through the White House door does what he says he'll do, we'll all be drinkin' that free Bubble-Up and eatin' that Rainbow Stew - Merle

        by Azazello on Wed Jan 26, 2011 at 07:02:01 PM PST

        [ Parent ]

        •  Requires courage, patriotism, leadership. (0+ / 0-)

          Putting the country's best interest ahead of one's own, something Obama has never done and why his presidency failed.

          To the point of the budget, Clinton took the courageous step of laying out a balanced budget and over eight years got the US to budget surplus.

          Obama never even tried.  His speech now is empty because Obama will not tackle the real problems with real solutions.

          •  It's easy to balance the budget... (1+ / 0-)
            Recommended by:
            soros

            ...when you're in the midst of a massive asset bubble.

            Very hard now. Difficult choices, and just taxing the rich doesn't get you nearly enough.

            (-5.50,-6.67): Left Libertarian
            Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

            by Sparhawk on Wed Jan 26, 2011 at 07:45:18 PM PST

            [ Parent ]

            •  Clintons balanced budgets CAUSED eco expasion. (1+ / 0-)
              Recommended by:
              Nailbanger

              aka the "asset bubble" by government no longer sucking private equity out of the economy.

              Government deficits are a bigger "tax" on the economy than taxes.

              The reason economy expanded was due to Clinton's balanced budgets.

              As for taxing the "rich" simply getting to progressive taxes that tax wealth will do the trick as those with 60% of wealth pay lowest real tax rate. Inheritance tax for example. Eliminate it and treat inheritance as ordinary income for recipients. Tax the "deferred" billions in Wall St bank bonuses designed to evade taxes.  List is endless. Tax oil to pay for oil wars.  Increase SS tax so it applies to all income.

              If you mean average (under $50K) Joe's income tax and gas tax and SS tax might go up a small amount, yes that might happen but price of good government and sound, growing economy. Look on it as an investment in good government.

              •  holy crap, what is this PUMA horseshit? (2+ / 0-)
                Recommended by:
                soros, Azazello
                1. The national debt increased under Clinton including in the latter years of his team. Clinton "balanced the budget" by having the federal government borrow copiously from itself. It was a delicious mix of creative accounting and Washington doublespeak, but even with the benefit of increased tax revenue from the asset bubble, the national debt never actually stopped growing under Clinton.
                1. The balanced budgets did not cause the asset bubble. It was caused by technological developments decades in the making. By the way, that asset bubble promptly popped, but given the tenor of your posts, I'm guessing that wasn't a result of Clinton's fiscal policy.
                1. I won't get into the absurdity of hailing the guy who deregulated Wall Street and set the stage for the current economic crisis as some kind of progressive hero...
          •  geez, vapid cult of personality rhetoric (0+ / 0-)

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