Jamesb101.com

commentary on Politics and a little bit of everything else

A little something on balanced budget history (and the GOP) from a fellow blogger @ Politics1…..

Here’s the post, which I think is good short history lession on balanced budgets and the GOP……

Well, to jump in a bit to something that was discussed earlier? The budget was balanced during Clinton because of the Omnibus Budget Reconciliation Act of 1994, a bill that every single Republican voted against, and that passed right before the Dems were wiped out in the Mid-Terms. This was a time when the GOP was stuck on the Reaganomics idea that “Deficits don’t matter”. as Dick Cheney said “Reagan proved”. The idea that W Bush was more of a penny pincher than any Democrat would have been is also bunk, because a Democrat wouldn’t have invaded Iraq–and by process make Afghanistan more expensive because of the limited approach taken towards it has strung it out towards a status quo that essentially existed in 2001. It was also Bush who started to bailout the banks and nation just as he was leaving office, a policy Obama merely continued. Every economist on earth (from the left and right) supported a stimulus package. I have no idea what Obams is spending that isn’t essential and geared towards future American infrastructure. The US is falling apart at the seems, with two wars, and a collapses workforce that was only artifiicial and bubble contingent in many ways anyway. The GOP has never ever shown fiscal retstrain, nor pursued limited government, and has often denied the impact of deficits, and sold the US to China as eagerly as could be imagined. It was the GOP, with a 90’s assist from Clinton, who pushed for a globalized economy and workforce that has hitched US employment rates to international forced we can’t control, all at the cost of creating American brands and making the wealthiest class even wealthier. The Republicans haven’t done shit, in short. The only meaningful deifict attention came from Clinton and the Dems in 1994, something the GOP stood completely against–because at the time they denied that defiicts mattered.

Pretorian

November 28, 2009 - Posted by | Blogs, Government, Politics, The Economy | , ,

8 Comments »

  1. Very little of it has been spent yet, so the only “failure” I would associate with it is the slow pace at getting these projects started and effects felt.
    ————

    Not buying the “very little” spent claim if that was truly the case there would not be the calls for another stimulus loan

    Comment by Timothy Peter Leal | November 28, 2009 | Reply

  2. because a Democrat wouldn’t have invaded Iraq-
    ————

    On what grounds is such a claim made

    Very few big name Democrats opposed the escalation of force in 2003 of Iraq

    Comment by Timothy Peter Leal | November 28, 2009 | Reply

  3. The GOP has never ever shown fiscal retstrain, nor pursued limited government, and has often denied the impact of deficits
    ——————

    Opposing the 800 billion dollar loan was fiscal restraint

    Opposing FDA control of tobacco is supporting limited government

    and Newt Gingrich and the GOP periodically complained about the deficit throughout the 1990s

    Comment by Timothy Peter Leal | November 28, 2009 | Reply

  4. in the context of balanced budgets….the GOP doesn’t have a record TPL…the last balanced budget this country had was under Bill Clinton as is mentioned in the post….

    he nailed it TPL…..

    Comment by jamesb101 | November 28, 2009 | Reply

  5. On your 1:32pm….Bush a republican got the country and the world in this economic mess….the post says that…..being against bailing the world out is stupid….

    Smoking causes cancer which kills people….absent the taxes the government gets (a lot) why shouldn’t something that is addicting and gives people cancer NOT be more regulated???

    Newt is poor example of someone who we even listen to….the guy complained about Bill Clinton..only to be involved in his own personal scandal…he has never got past the mouth stage in national politics…..and he complimented the current president on his handling of the recent financial problems of the country…..

    Like I said…. the post nailed it……

    Comment by jamesb101 | November 28, 2009 | Reply

  6. Bush a republican got the country and the world in this economic mess
    ———

    Silly Billy

    When Bush become ever become in charge of international group

    Your comedy routine keeps trucking

    Comment by Timothy Peter Leal | November 29, 2009 | Reply

  7. * When did Bush ever become in charge of an international group???

    Comment by Timothy Peter Leal | November 29, 2009 | Reply

  8. are you writing a revisionist history?….It was Bush who handed off to Obama an economy in the toilet?….and a Afghan mission without enough troops?…….

    Comment by jamesb101 | November 29, 2009 | Reply


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