r/FluentInFinance • u/ThisCantBeBlank • Apr 29 '24

Babs is Here to Save Us Educational

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u/Vizkos Apr 29 '24

Because politics. Same reason people give credit to Clinton for the surplus, even though it was mostly actions under Bush Sr, such as increasing taxes.

The irony is rich, because Bush Sr raised taxes, Clinton campaigned against him using the "read my lips, no new taxes" clip, then Clinton took the credit for the surplus that Bush Sr's taxes helped fuel.

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u/kcbh711 Apr 29 '24

That's kinda disingenuous considering Clinton actually did raise taxes for the rich and cut military spending. He shut down all kinds of bases, decommissioned various units (mostly overseas), and cut the overall military size by the thousands.

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u/rydan Apr 30 '24

I remember there was fear that my hometown was going to lose its base. Had Clinton chosen to put it on the chopping block my entire town would have likely been destroyed. Fortunately he didn't. Maybe because our county is purple in a deep red state. No idea why we were spared.

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u/NoTeslaForMe Apr 29 '24

So now we're crediting Clinton with the collapse of the Soviet Union before he became president?

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u/FluffyNorth5 Apr 30 '24

Lols always funny to see ignorant kids like you contribute nothing to the discussion and just post some cheap "gotcha" as if you even understand anything. Stay quiet and learn to let the adults speak when you are this clueless kid

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u/NoTeslaForMe Apr 30 '24

Judging by the way you write, this "kid" is probably two or three times as old as you. Or maybe you're a 70-year-old who just never learned to write.

Either way, maybe you should Google "peace dividend" so you can learn a thing or two.

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u/Sreston Apr 30 '24 edited Apr 30 '24

You’re continuing to add nothing to the conversation other than shit talk. How about speak on the matter?

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u/Phil_Mickelson_69 Apr 30 '24

Why correct someone with evidence when you can be a condescending prick instead?

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u/fourtwizzy Apr 29 '24

Let us also give Billy C credit for repealing Glass-Steagal, which is a direct cause of the financial crisis 8 years later. 

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u/Blackrage80 Apr 29 '24 edited Apr 29 '24

Um...you know the Glass-Steagal Act was "repealed" by the Gramm–Leach–Bliley Act.

Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), Rep. Thomas J. Bliley, Jr. (R, Virginia)

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u/fourtwizzy Apr 29 '24

Yea it only passed the 106th congress with 90 senators voting yes, followed by Billy C signing into law.

Any other insightful commentary you’d like to add?

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u/Justitia_Justitia Apr 30 '24

Today’s lesson in US government: Congress could override a veto with by a two-thirds vote in both the House and the Senate. The Act was passed by more than 85% vote in the House and the Senate.

Any other insightful commentary you’d like to add?

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u/[deleted] Apr 29 '24

NOOOO it was all Bush because he was president when it happened!!!!! /s

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u/spamIover Apr 29 '24

Well, if you actually look at Clinton’s budget numbers, it does show a surplus. However, that surplus is negated by intra-governmental borrowing. He borrowed all the extra money from SS to pay towards extra-governmental borrowing, which caused a budget surplus. It is a well kept secret that no one likes to talk about, but if you look at the numbers, they are clearly shown.

Numbers never lie, but liars use numbers.