Bill Clinton in Saving Freedom


On Budget & Economy: OpEd: Left country on brink of recession in 2001

The massive Clinton tax increase of 1993 resulted in short-term increases in revenues to the government but eventually became an anchor that stopped economic growth. Clinton left the country on the brink of recession at the end of his second term in 2001

The Republican Revolution of 1994 initially proved to be a good counterbalance to Clinton's attempt to expand government. The Republicans stopped Clinton's attempt to take over America's health-care system, forced him to sign a welfare reform plan (after two vetoes), and finally balanced the federal budget for the first time in decades.

The achievement of the balanced budget was short-lived (it was actually never even close to being balanced if you count what was being borrowed from the Social Security Trust Fund) and more the result of America's economic expansion than anything done by the Republicans or Clinton.

Unfortunately the good economy and balanced budget created an excuse to increase spending dramatically.

Source: Saving Freedom, by Jim DeMint, p. 23-24 Jul 4, 2009

The above quotations are from Saving Freedom:
We Can Stop America's Slide into Socialism
, by Sen. Jim DeMint.
Click here for other excerpts from Saving Freedom:
We Can Stop America's Slide into Socialism
, by Sen. Jim DeMint
.
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Page last updated: Feb 22, 2019