Join Date: May 2007
Quoted: 0 Post(s)
Rep Power: 22
Total Points: 324,957.59
This is real talk:
George Bush Sr. meekly followed in Reaganís shadow after his election in 1988, by increasing the debt on average a mere 11.8% a year during his four years as President.
In his last year in office he quite responsibly worked with Democrats to raise taxes to help reduce the massive yearly increases in the national debt. This bipartisan plan got the growth down to under 11% in 1992, but it was too little too late and didnít make much difference in the overall trend.
The Neo-Conservatives controlling the Republican Party rewarded him for putting the nationís future above his partyís ideology by throwing him out of office even though it had hardly been a year since he won the Gulf War.
In 1993 President Clinton inherited the deficit spending problem and did more than just talk about it; he fixed it. In his first two years and with a cooperative Democratic Congress he set the course for the best economy this country has ever experienced.
Then he worked with what could be characterized as the most hostile Congress in history, led by Republicans for the last six years of his administration.
Yet, under constant personal attacks from the right, he still managed to get the growth of the debt down to 0.32% (one third of one percent) his last year in office. Had his policies been followed for one more year the debt would have been reduced for the first time since the Kennedy administration.