@oralloy,
Quote Oralloy:
Quote:No. If they [the Democrats] would have done the same thing as in the previous years, the deficit would have remained at about the same levels of those previous years.
The Democrats did different things when Bill Clinton became president because, like most Democrats, Bill Clinton understands economics better than Republicans. Republicans are under the delusion that deficit cutting creates jobs, which is just not so. Bill Clinton introduced the Economic Stimulus Package-Republicans hate stimulus-which resulted in a surge of Full Time jobs, which therefore resulted in a surge of Federal revenue resulting from the income taxes paid from the people who got those Full Time jobs. This extra Federal revenue cut the deficit. That's how the deficit got cut.
Once Clinton and the Democrats got the ball rolling in the right direction, the Republicans tried to take credit for getting rid of the deficit even though President Clinton's Economic Stimulus Package was passed over Republican opposition, and the first full year of Republican "deficit cutting", (the Welfare Reform Bill), didn't even take full effect until 1998, when the deficit was
already history.
Typical Republican strategy: Fight the Democrat all the way, lose, then when the Democrat turns out to be right, try to grab the credit.