| thanks for the correction, rebel. can i get a link on that?
who originates, writes and passes ALL united states spending bills?
well, since you asked so nicely. the president of the united states proposes a budget before the next fiscal year, and then congress chooses whether or not it should pass it. given that during reagan's time congress accounted for an overall budget outlay difference of 0.6%, reagan and his administration were responsible for 99.4% of the spending. to his credit, however, he did end stagflation.
no, no democrat HAS done so... clinton presided over the expansion... clinton's first fiscal policy was the middle class tax increase and he tried to nationalize health care... and guess what happened for the first time in 40 years? REPUBLICAN CONGRESS... guess what they did? oh yes balanced the budget for the first time in 40 years... the democrats and clinton NEVER BALANCED a budget... clinton signed off on the balanced budgets that the republican congress made him sign...
the republican congress didn't balance the budgets. cutbacks on military spending, and a powerful economy did.
bush inherited a recession and the $6.8 trillion debt that both parties have helped run up...
bush inherited an estimated budget surplus of around $150 billion. but don't trust me, trust the white house:
"The White House said Wednesday [august 22nd 2001, i believe) the surplus estimate for fiscal year 2001, which ends September 30, had shrunk to about $158 billion." i believe it was clinton who proposed the FY2001 budget.
now that there is a republican congress and a republican administration, it would make sense (by your logic that republicans were able to balance a budget despite clinton) that we would have balanced budgets. not the biggest deficit in american history. |