Almanac

Viewpoint - August 10, 2011

Letter: To balance budget, Clinton raised 'revenues'

Regarding Nancy H. Lemer's guest opinion piece on Democrats and the debt-ceiling issue:

I'd like to point out, when she writes, "Clinton used the revenues that were coming in to pay the interest on the debt," that as Mrs. Lemer may recall, President Clinton raised taxes (i.e. revenues) rather severely on the upper income level taxpayers, and thus he had "revenues" coming in.

Today some of the Republicans fight against the word revenues, apparently to spare their base, the well-to-do, from paying more taxes, not realizing it is for the common good of all. They do not represent all higher-income taxpayers.

Many can see beyond their own self interest and want to contribute to the common good.

And the stock market, not just the "lying" Democrats, seems concerned about the debt-ceiling issue as well.

Carolyn A. Kennedy, Nova Lane, Menlo Park

Comments

Posted by Hank Lawrence, a resident of Menlo Park: Sharon Heights
on Aug 9, 2011 at 2:36 pm

Neither Clinton nor Gingrich and the Republican Congress deserve the credit. The credit goes to Ronald Regan for breaking the Soviet Union financilly which reuslted in its dissolution shortly after he left the White House. The diminuation of the Soviet threat resulted in DoD budgets that were less than in previous years. So the president the Noo Yawk Times pilloried for his reckless statement "Mr. Gorbachev, Tear Down This Wall" was wrong again as usual.

If you want to read an inciteful account of who should get the credit for the balanced budgets go to this url

Web Link

Steven Moore wrote a most enlightening article.


Posted by No Fan of Reagan, a resident of Menlo Park: Belle Haven
on Aug 9, 2011 at 3:57 pm

Reagan tripled the national debt. Dubya doubled it again.

Cons can't get over the fact that no republican president has some close to balancing the budget.

Clinton did it and left a surplus.

All facts.

Cons can't stand it so they have to twist and preen and twirl and dance to distract from facts.

If it was all about the gop in congress being the reason, why didn't dubya keep the budget balanced and keep the surplus when he had a gop house, senate and presidency?

More proof that the dems are the most fiscal conservative of the two parties. The gop is only conservative when a dem is in the white house. When they are in charge - it's a disaster.

Reagan tripled the national debt. Dubya doubled it again.


Posted by POGO, a resident of Woodside: other
on Aug 9, 2011 at 4:44 pm

You are each wasting your breath (comments) on the other. No one is going to change their position. Clinton is revered by Democrats who will give no credit to the Republican Congress. Reagan is equally revered by Republicans who will give no credit to his Democrat Congress.

So, the credit and blame ALWAYS goes to the person in charge. So how does Mr. Obama fare? You can't have it both ways...


Posted by question, a resident of another community
on Aug 9, 2011 at 6:40 pm

If it's irrational and wrong to give the president so much of the credit or blame for the economy, why must we keep on doing it just because it's always been done? Let's stop doing it.


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