Should We Go Back To The Clinton Days?
By Fatcat44
@Fatcat44 (1141)
United States
December 7, 2012 10:18am CST
I hear the left claiming they want to go back to the Clinton days tax rate.
Well, if we go back to the Clinton days tax rates, should we not go back to the Clinton days spending?
The reason why I say that, is right now we are spending, in equivalent money adjust by inflation, about 1 trillion dollars more a year that in the Clinton Days, if we included the same tax rates has in Clinton days.
There for, the tax rates of Clinton days will not fix our financial problems.
I suggest, if the this administration request Clinton days tax rates, we mandate Clinton days spending.
We have a large over spending problem. At the rate of this spending, every household will need to pay over 10% more taxes.
So I have a suggestion which is simple. Lets cut spending. The old rule, do not spend money you do not have.
2 people like this
4 responses
@Taskr36 (13963)
• United States
7 Dec 12
Here's a nice bit from Ron Paul on income tax and expenditures from the Clinton days.
"If you got rid of the income tax today you'd have about as much revenue as we had 10 years ago."
http://www.politifact.com/truth-o-meter/statements/2008/jan/03/ron-paul/it-would-be-close-to-the-same-revenue/
1 person likes this
@gitfiddleplayer (10362)
• United States
7 Dec 12
Go back to the Clinton days? Well, he had a Republican house and Senate but I don't think it would work now since he got impeached. The only reason things worked out with Slick Willy is because in order for him to play ball he had to use the one the GOP's brought. He tried to introduce Obamacare before it was shoved down our throats, Hill and company wanted it long before the idiot in chief ever did, the dums just needed a slick suit with no background baggage to pull it off.
1 person likes this
@mehale (2200)
• United States
12 Dec 12
You are so right! If we could just get the government to understand that spending cuts are the best fix we would be better off in the long run, though that is not likely to happen. Now I am not saying that taxes do not need to be raised, but along with spending cuts, raising taxes would help at least begin to make a dent in the deficit. Common sense is that you spend within your budget, and as you have said, not spend money you don't have.....however, our government does not seem to understand this.
@debrakcarey (19887)
• United States
7 Dec 12
The Democrats are in the habit of increasing spending when taxes are raised. They promise to cut spending to get the tax increase, but seem to forget what they promised once the money is in their hands.
