Former President Bill Clinton had a memorable moment at the Democratic National Convention on Wednesday, Aug. 21, while speaking about Vice President Kamala Harris and Minnesota Gov. Tim Walz's vision for the future.
Clinton actually produced a large budget surplus the last two years of his Presidency. If this trend of financial stability (supposedly a characteristic of Republicans) had been continued, the US would have become debt-free years ago. Instead our national debt is sitting (and growing) at $35 trillion dollars, equivalent to about six years of total tax revenue.
the person above is an asshole but not entirely wrong. there was a good amount of deregulation under clinton, like repealing glass-steagall for example. not as bad a reagan but still not great.
that’s just false. the Gramm–Leach–Bliley Act which repealed glass-steagall passed the senate with 54 votes, which is a LONG way away from being veto-proof.
glass steagall can hardly be reduced to a “line item”. he could have vetoed the entire bill and told congress to send him something without repealing glass-steagall.
Wasn’t that Reagan? I’m not in the US, so please take this as a genuine question. So far, I’ve heard nothing as bad about Clinton regarding economics.
Clinton actually produced a large budget surplus the last two years of his Presidency. If this trend of financial stability (supposedly a characteristic of Republicans) had been continued, the US would have become debt-free years ago. Instead our national debt is sitting (and growing) at $35 trillion dollars, equivalent to about six years of total tax revenue.
the person above is an asshole but not entirely wrong. there was a good amount of deregulation under clinton, like repealing glass-steagall for example. not as bad a reagan but still not great.
most of that was the fact that republicans came in and controlled congress
he signed the bills.
line item veto doesn’t exist and congress had veto proof majorities…
that’s just false. the Gramm–Leach–Bliley Act which repealed glass-steagall passed the senate with 54 votes, which is a LONG way away from being veto-proof.
glass steagall can hardly be reduced to a “line item”. he could have vetoed the entire bill and told congress to send him something without repealing glass-steagall.
NAFTA wasn’t great.