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Re: Can't wait to have these boys back in again.
Quote:
Originally Posted by Greedy,Greedy,Greedy
There were two major legislative achievements that got us that balanced budget. The deficit reduction act of 1993 was the first, and the Rs opposed it - a total lock step vote against it by all Rs. Thanks for that!
The second was indeed bipartisan in a way of speaking, which was the federal government shutdown and the Republican'ts ultimate cave on a budget. I'm not sure how much credit to give them for whining like spoiled children but showing the sense to let the adult clean up afterwards, especially when he had to give them a good spanking first.
Yes, they get some credit for the tantrums, but I don't think Newt and the other brats were quite equal partners in that episode.
If you want to give credit to someone other than the Clinton Administration, the real second and equal partner was the US economy, and next in line for credit is the fed. Newt and the other children are somewhere further down on the list.
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Maybe a better way to put it is that the Democrats and Republicans in those years held each other in check, preventing the other from doing anything with the surpluses generated by the strong economy.
Unfortunately, then the Republicans came to power and blew it all on the budgetary equivalents of hookers and blow.
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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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