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"A bunch of fucking bond traders!"
Quote:
Originally posted by Spanky
Actually I think it was somewhat supported by what you linked to:
Republicans and conservative Democrats were upset that the ratio of cuts to taxes was much less than the 2-to-1 ratio that Panetta had advocated during his confirmation hearings. Though the deficit-reduction plan made notable spending cuts, its heavy reliance on tax increases displays the difficulties the Clinton economic team had coming up with acceptable spending cuts.
But what I cited ironically enough does contradict what I said. Any my cite being a primary source, I believe is the stronter cite.
So I stand corrected.
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No, because your cite wasn't specific to discretionary spending, but was more generally about outlays. And my source says the Dems cut discretionary spending (which is what happened).
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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