Quote:
Originally posted by Dexter Rutecki
Actually, it was Clinton who submitted a balanced budget, not Congress doing the balancing for him.
Clinton Submits Balanced Budget to Congress
By Eric Pianin
Washington Post Staff Writer
Tuesday, February 3, 1998; Page A01
President Clinton yesterday did what he promised in his State of the Union address and submitted the first balanced budget in 30 years, one that would bar substantial new spending and tax cuts until a plan is in place to preserve Social Security.
"This budget marks an end to decades of deficits that have shackled our economy, paralyzed our politics and held our people back," Clinton said at a White House ceremony. "It can mark the beginning of a new era of opportunity for a new American Century."
Bush has turned this around, just as Bush I and Reagan spent what they didn't have before him. Despite the rhetoric, it is Democrats who have been more fiscally responsible. As for Kerry's tax proposals, the fact is that most Americans would pay less with his program than they have with Bush's--many midde income people have seen their taxes rise since Bush took office, something I'm sure you know. True, everyone received an automatic refund, but for many this was more than offset by what they ended up paying. What you haven't mentioned are Kerry's proposals to close the loopholes that allow corporations to shelter their incomes offshore/overseas, something Bush has done nothing to discourage. Kerry will also provide incentives for companies to keep jobs here and provide health care, two other things the Bush White House don't believe are necessary.
Bush seems to be (knowingly or not) controlled by a group of starve-the-beasters, and this has the potential to lead us into true economic ruin, something we will not have to worry about under President Kerry.
Sorry, only partly correct. In 1997 congress passsed the Balanced Budget Act, which required that a balanced budget be submitted.