Trump's Economic Plan

[Penner]

It ain't Trump that brought us to inflation. That's the democrats.

Both parties are completely culpable in the massive spending increase. Quit pretending Team Red has never ever done anything wrong. Most recent R presidents have increased the debt more than the blue team. Point to me on the chart where red team doesn't increase as well.

Every president adds greatly to the debt. Obama being the worst, but under Clinton, not so bad.

Clinton actually reduced the debt and if we stayed with his plans, well into the Bush years, we would've been debt free and have a hefty surplus by now.

[Smitty-48]

Clinton actually reduced the debt and if we stayed with his plans, well into the Bush years, we would've been debt free and have a hefty surplus by now.

Obvious Democrat party bitch hack is obvious, penner.

Clinton caused the crisis you are in now, by repealing Glass-Steagal and trying to juice the economy with a real estate bubble, creating the most catastrophic bust since the Great Depression.

Trump is actually calling for a new Glass-Steagal law to undo the damage what the Clinton's hath wrought.

[Penner]

Clinton actually reduced the debt and if we stayed with his plans, well into the Bush years, we would've been debt free and have a hefty surplus by now.

Obvious Democrat party bitch hack is obvious, penner.

Clinton caused the crisis you are in now, by repealing Glass-Steagal and trying to juice the economy with a real estate bubble, creating the most catastrophic bust since the Great Depression.

Trump is actually calling for a new Glass-Steagal law to undo the damage what the Clinton's hath wrought.

For a foreigner, you have started calling people "political hacks" over something that I remember a lot of the conservatives agreeing here in the US with. Clinton's plan on reducing the national debt was working but it stopped once he left office because Bush wanted his plan to be put in place. This has nothing to do with the stock market.

[Smitty-48]

Clinton actually reduced the debt and if we stayed with his plans, well into the Bush years, we would've been debt free and have a hefty surplus by now.

Obvious Democrat party bitch hack is obvious, penner.

Clinton caused the crisis you are in now, by repealing Glass-Steagal and trying to juice the economy with a real estate bubble, creating the most catastrophic bust since the Great Depression.

Trump is actually calling for a new Glass-Steagal law to undo the damage what the Clinton's hath wrought.

For a foreigner, you have started calling people "political hacks" over something that I remember a lot of the conservatives agreeing here in the US with. Clinton's plan on reducing the national debt was working but it stopped once he left office because Bush wanted his plan to be put in place. This has nothing to do with the stock market.

You are so obviously a Democrat party hack, that I am merely stating the obvious of it, and as I have already pointed out; Trump is not a conservative.

Clinton's plan on reducing the debt was built on the shaky ground of an asset bubble which was doomed to blow itself up, eliminating any gains and inciting the opposite effect, when the Democrat congress was forced to run the debt back up, in bailing the whole economy out in the wake of the disaster imposed by Clinton.

As a foreigner, I am one of the few honest brokers here, as the Americans here are all wrapped up in their partisan dogma, I don't care if you're a partisan hack, it's no skin off my teeth, I'm just calling a spade a spade, but it's quite obvious that you cannot be trusted to render fair judgement on any issue, because your judgement is so obviously tainted by your knee jerk partisan hackery.

[Penner]

Obvious Democrat party bitch hack is obvious, penner.

Clinton caused the crisis you are in now, by repealing Glass-Steagal and trying to juice the economy with a real estate bubble, creating the most catastrophic bust since the Great Depression.

Trump is actually calling for a new Glass-Steagal law to undo the damage what the Clinton's hath wrought.

For a foreigner, you have started calling people "political hacks" over something that I remember a lot of the conservatives agreeing here in the US with. Clinton's plan on reducing the national debt was working but it stopped once he left office because Bush wanted his plan to be put in place. This has nothing to do with the stock market.

You are so obviously a Democrat party hack, I am merely stating said obvious, and as I have already pointed out; Trump is not a conservative.

Clinton's plan on reducing the debt was built on the shaking ground of an asset bubble which was doomed to blow itself up, eliminating any gains and inciting the opposite effect, when the Democrat congress was forced to run the debt back up, in bailing the whole economy out in the wake of the disaster imposed by Clinton.

As a foreigner, I am one of the few honest brokers here, as the Americans here are all wrapped up in their partisan dogma, I don't care if you're partisan hack, it's no skin off my teeth, just calling a spade a spade, but it's quite obvious that you cannot be trusted to render fair judgement on any issue, because your judgement is so obvoiusly tainted by your knee jerk partisan hackery.

Look, this has nothing to do with Glass-Steagall act , but instead that Clinton plan actually had the US budget in the black and not in the red:

The Clinton years showed the effects of a large tax increase that Clinton pushed through in his first year, and that Republicans incorrectly claim is the "largest tax increase in history." It fell almost exclusively on upper-income taxpayers. Clinton’s fiscal 1994 budget also contained some spending restraints. An equally if not more powerful influence was the booming economy and huge gains in the stock markets, the so-called dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries.



Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.

http://www.factcheck.org/2008/02/the-bu ... r-clinton/

The reason why it failed was because Bush scrapped the plan once he come into office.

[Smitty-48]

The revenues which Clinton was taxing, were being generated by an asset bubble, or rather two, both of which popped, first the Dot.com bubble, then the real estate bubble, without those bubbles, Clinton would not have had the revenue to be paying the debt down, when those bubbles popped, all the gains were lost when Clinton's plan went bust.

The SS tax on payrolls, was reliant on payrolls, those payrolls, were reliant on a boom, which, being an artificially inflated bubble, inevitably went bust, bringing you to where you are now, in the ditch, at 100% debt to GDP.

[Penner]

The revenues which Clinton was taxing, were being generated by an asset bubble, or rather two, both of which popped, first the Dot.com bubble, then the real estate bubble, without those bubbles, Clinton would not have had the revenue to be paying the debt down, when those bubbles popped, all the gains were lost when Clinton's plan went bust.

It only ended when Bush came into office because again, Clinton raised the tax rate and Bush lowered it for his presidency.

[Smitty-48]

The revenues which Clinton was taxing, were being generated by an asset bubble, or rather two, both of which popped, first the Dot.com bubble, then the real estate bubble, without those bubbles, Clinton would not have had the revenue to be paying the debt down, when those bubbles popped, all the gains were lost when Clinton's plan went bust.

It only ended when Bush came into office because again, Clinton raised the tax rate and Bush lowered it for his presidency.

The issue was that Clinton's Dotcom bubble had just gone bust, Bush was cutting payroll taxes, to try to compensate for the first of Clinton's bubbles popping, Clinton chose short term gain for long term pain, Bush and Obama simply inhereted Clinton's mess.

Dotcom Bust and Credit Crisis; interelated, and both caused by Clinton. Clinton simply engaged in Reagan-esque Voodoo Economics, but on steroids, in order to make himself look good, at America's expense.

[Penner]

The revenues which Clinton was taxing, were being generated by an asset bubble, or rather two, both of which popped, first the Dot.com bubble, then the real estate bubble, without those bubbles, Clinton would not have had the revenue to be paying the debt down, when those bubbles popped, all the gains were lost when Clinton's plan went bust.

It only ended when Bush came into office because again, Clinton raised the tax rate and Bush lowered it for his presidency.

The issue was that Clinton's Dotcom bubble had just gone bust, Bush was cutting payroll taxes, to try to compensate for the first of Clinton's bubbles popping, Clinton chose short term gain for long term pain, Bush and Obama simply inhereted Clinton's mess.

Dotcom Bust and Credit Crisis; interelated, and both caused by Clinton.

Again, it has nothing to do with the dot.com bubble. You seem to just don't get it. What Clinton did was raised taxes on higher income earners- that was how he was able to balance the budget. He just didn't do it because of the dot.com bubble or any bubble but just simply raised taxes on higher income earners.

[Smitty-48]

Again, it has nothing to do with the dot.com bubble. You seem to just don't get it. What Clinton did was raised taxes on higher income earners- that was how he was able to balance the budget. He just didn't do it because of the dot.com bubble or any bubble but just simply raised taxes on higher income earners.

Again, the revenue wasn't coming from the tax rates, the difference in tax rates was marginal, Clinton's top tax rate was only 4% higher than Bush's, the revenue was coming from asset bubbles, Clinton was taxing the returns on bubbles which he was inflating, 4% marginal tax rate wasn't where the money was coming from, the rich don't even pay the marginal rate, Clinton's payroll tax revenue was coming from the middle class not the rich, the revenue from the rich, comes from capital gains, which Clinton actually lowered.

Clinton inflated asset bubbles in the short term interests of Wall St, then he reduced corporate and capital gains taxes, while increasing income and payroll taxes, so Clinton was actually taxing the middle class in order to funnel money to the rich, while making Wall St Banks richer in the near term, which the American middle class would be forced to bail out later.

Raised the marginal income tax rate from 36% to 39%, but then lowered Capital gains from 28% to 20%, see what he did there?