Pericles
New Member
My best friend. (The one who had "pinet buter" on his grocery list) could have balanced the budget in the 90s. We were inflating the bubble.
Clinton reaped the rewards of reaganomics...
That is one view, but does not hold up due to one fact: Reagan was the "biggest deficit creator" Of all modern peacetime presidents. Now his supporters may rightfully posit that he did end the cold war by forcing the USSR to try and match our increased military spending. Reagon does deserve at least some (IMO about 60-70%) credit, but we all know now that state controlled economic systems are doomed to failure. They are good at heavy industry and weapon production, but they fail 100% when it comes to providing goods and services.
The classic example was chandeliers. They could not decide what makes a good chandelier, finally settling on the position that a good chand. is judged by its weight. What resulted was thousands of ugly lead chand. stored in warehouses.
In a capitalistic society, how do we determine a good product? Simple, people buy it. An example would be this src I heard about called "BioLogic."[
Back to our presidents, Reagan, Bush Jr (senior actually was not as bad as everyone thinks) and Obama all spend or spent money like there was no tomorrow.
Yes, Clinton was lucky, but he was also a policy genius. He signed welfare reform into law, limiting a women to 2 years per child, 5 years max. It is widely regarded that this change (from AFDC to TANF) was successful. He did not get us into any unnecessary (and expensive) wars. Don't get me wrong, we had to fight Afghanistan as they attacked us. Ironic, since we, the US, taught the Taliban how to use modern weapons to defeat the USSR. However Iraq was an unwise decision.
Iran was and is a much greater danger than Iraq. Iraq acted as a buffer (Iraq and Iran fought a nasty little war....then dominated the special Olympics). Yes, Hussein was a horrible man, and hopefully is burning in hell right now, but no terrorist ever came out of Iraq. Hussein had absolutely no interest in funding terrorism, all he cared about was maintaining his power. Today, Iraq is a recruiting poster for terrorists.
