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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They passed a budget in the lame duck session without buyin from Republicans, and now they complain Republicans won't support the budget that was passed.[/quote] And Republicans did that multiple times before. In fact there has only been one President in our lifetime that balanced a budget, Clinton. Everyone else is responsible for this debt.[/quote] Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single‐minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years. [/quote] They never stuck to those budget numbers. They did have one year of reducing discretionary spending. The seven year balanced budget they approved, was abandoned immediately. It is a major source of ObamaCare being presented as reducing the deficit. The reality was the spending numbers came in much higher and the budget was balanced because of large increase in revenues, the tech economy and booming stock market, helped along by a capital gains tax cut. There is passed into law cuts in Medicare spending for hospitals, that every year Congress passes an override. This 'spending cut' gets larger every year. When ObamaCare passed it, they scored it with the spending cut, and this less than without ObamaCare and without the spending cut.[/quote]
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