Posted on Jun 30, 2014
Balancing the Federal budget, it worked in the 90's why not now?
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How did President Clinton balance the budget in the 90's. Did he not have a divided house as well? Why are there so many problems today? What are YOUR solutions?
Posted >1 y ago
Responses: 3
SFC Drake, from the dollars and cents angle, he balanced the budget by gutting the military. We actually had some fat back then, so it didn't hurt quite as bad as it will hurt now. Clinton had a divided Congress, but he wasn't afraid to reach across the aisle to the political opposition. I may not agree with all of his politics or his integrity, but I will give him that.
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With the economy still dragging, balancing the budget/cutting spending should not be the focus right now. Republican demands for austerity have slowed this recovery dramatically.
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I hate to say this, but, the IRS fails to see the simple solution. Very simply put enact a flat tax across the board with no loopholes for the ultra-rich to slip through the cracks. This would make it fair for everyone. I may only make $900 a month but I would pay a flat tax. The problem here is that there would essentially eliminate refunds. On the flip side of this coin is that the money collected should or could be used to bring down the national debt.
I now step down from my soap box after once again sending out my .02.
I now step down from my soap box after once again sending out my .02.
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SFC A.M. Drake
yes but try did not do a flat tax in the 90's however they did make the military hollow as an RPer already stated. So tell me how would a flat tax help a small business? Would it not make it better for the larger companies?
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