redblack
DP (et al):
I’m afraid that was all on account of the Great Tech Bubble, though, rather than anything the government might have done.
And that bubble done popped, my friend.
noted that you’re massaging the (fallacious) republican line that lower taxes lead to more revenue – and that it wasn’t higher marginal rates that generated the late-90’s budget surpluses.
but you’re still ignoring the original reagan-era cutting of revenues that began our decades of deficit spending.
why not restore at least some of the revenue stream, while simultaneously talking reasonably about areas where the budget is bloated?
and don’t forget what happened to the surplus that clinton’s budgets garnered: it was “given back” to the american people in the form of two sets of rebate checks instead of paying down the debt – like a sensible government would have done.
let’s see now… who wrote those checks? and then started an off-budget war?
sorry if that sounds partisan, but those are the facts of how we got here.
so instead of austerity for the tens of millions of folks who rely on government just to have food, minimal health care, and heating oil, why not tax it out of the people and industries who are sitting on their millions and respective billions instead of circulating it in the economy?