Thread: The Clinton / Bush Recession
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Old 01-19-2007, 05:13 PM   #33 (permalink)
Jefferson
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Quote:
Originally Posted by Jaxian View Post
I do not mean to question Reagan's handling of the cold war. But a large amount of debt is bad for the economy, and it needs to be paid off in times of prosperity. Even with the Cold War, I think that Reagan and Bush Sr. could have done more to balance their budget. But even if they could not, Clinton was certainly correct for raising taxes and cutting spending to reduce the deficit.
...and as a direct result of the most massive tax increases in history, Clinton led to the stifling of the economy - leading to the recession we saw at the end of his presidency.