Comments on: The Real Difference Between the Republicans and the Democrats on Fiscal Policy https://www.vulcanhammer.org/2009/07/25/the-real-difference-between-the-republicans-and-the-democrats-on-fiscal-policy/ The Online Perch of a Real Elitist Snob Wed, 08 Feb 2012 08:56:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: me https://www.vulcanhammer.org/2009/07/25/the-real-difference-between-the-republicans-and-the-democrats-on-fiscal-policy/comment-page-1/#comment-67062 me Sun, 26 Sep 2010 22:23:33 +0000 http://www.vulcanhammer.org/?p=2964#comment-67062 Re the Clinton era: http://www.vulcanhammer.org/2010/09/26/the-prosperity-of-the-1990s-may-well-have-been-borrowed/ Re the Clinton era:

http://www.vulcanhammer.org/2010/09/26/the-prosperity-of-the-1990s-may-well-have-been-borrowed/

]]> By: FrGregACCA https://www.vulcanhammer.org/2009/07/25/the-real-difference-between-the-republicans-and-the-democrats-on-fiscal-policy/comment-page-1/#comment-67058 FrGregACCA Sun, 26 Sep 2010 19:58:14 +0000 http://www.vulcanhammer.org/?p=2964#comment-67058 Okay, BUT... Dems want to meet needs. The GOP just wants to cut spending and especially, taxes, and, going back at least to Reagan, have used large deficits created by cutting taxes as leverage in the effort to "starve the beast." Along the way, the GOP also discovered (actually Reagan did it as well), that the economy requires a certain level of deficit (a'la Keynes) to hold on to some sort of sustainability. Also, as Gingrich admitted, investors want a federal debt so that they have an investment haven of last resort. Given all that, remember that Clinton left office with a balanced budget and a surplus. Okay, BUT…

Dems want to meet needs. The GOP just wants to cut spending and especially, taxes, and, going back at least to Reagan, have used large deficits created by cutting taxes as leverage in the effort to “starve the beast.” Along the way, the GOP also discovered (actually Reagan did it as well), that the economy requires a certain level of deficit (a’la Keynes) to hold on to some sort of sustainability. Also, as Gingrich admitted, investors want a federal debt so that they have an investment haven of last resort.

Given all that, remember that Clinton left office with a balanced budget and a surplus.

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