1993; On Our Way To A Budget-$urplu$!!!!

[Phoenix68]

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August 3, 1993

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January 6, 1999

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The Clinton Presidency: Key Accomplishments
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[DarthCervantes]

Thanks for reminding me of a time when democrats didn't absolutely suck. Bill Clinton was great! Its too bad you have to time travel 30 years to find anything decent about democrats though.

 

[Phoenix68]

Thanks for reminding me of a time when democrats didn't absolutely suck. Bill Clinton was great!

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That's what Mom & Dad told you, huh??
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"Clinton signed the Omnibus Budget Reconciliation Act of 1993 into law on August 10, 1993. The law created a 36 percent to 39.6 percent income tax for high-income individuals in the top 1.2% of wage earners. Businesses were given an income tax rate of 35%. The cap was repealed on Medicare. Gas taxes were raised 4.3 cents per gallon. The taxable portion of Social Security benefits were also increased.
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Republican Congressional leaders launched an aggressive opposition against the bill, claiming that the tax increase would only make matters worse. Republicans were united in this opposition, and every Republican in both houses of Congress voted against the proposal."

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[mad1961]

Thanks for reminding me of a time when democrats didn't absolutely suck. Bill Clinton was great! Its too bad you have to time travel 30 years to find anything decent about democrats though.

Actually all we need to do is go back a year. Joe Biden kicked ass. But if you only get your information from the right, you get lies.

 

[DarthCervantes]

Actually all we need to do is go back a year. Joe Biden kicked ass. But if you only get your information from the right, you get lies.

He'll be known as the least respected president in history. The guy that tried to reach into the pockets of blue collar workers to pay for the tuition of blue haired brats.

 

[Phoenix68]

He'll be known as the least respected president in history.

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Still workin' on your psychic abilities, huh??
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[mad1961]

He'll be known as the least respected president in history. The guy that tried to reach into the pockets of blue collar workers to pay for the tuition of blue haired brats.

According to who? The right wing? What he tried to do was eliminate staggering debt and stimulate the economy. Meanwhile, people like you don't mind letting billionaires reach into your pockets to pay for their lifestyles.

 

[Phoenix68]

According to who? The right wing? What he tried to do was eliminate staggering debt and stimulate the economy. Meanwhile, people like you don't mind letting billionaires reach into your pockets to pay for their lifestyles.

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Well.....you've gotta understand....those billionaires are suffering with an addiction for MORE!!!!
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For some weirded-out reason, Americans are expected to TOLERATE their addiction; i.e. we can't have a "war" against their addiction.
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I'm still thinking a few sunken yachts might encourage them to seek help for their addiction.
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[Phoenix68]

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The AWSOME / SPECTACULAR Economic Policy Of St. Clinton's Administration!
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[Phoenix68]

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The Budget AND Deficit Under St. Clinton
February 11, 2008
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"When Daddy Bush left the White House, the last debt numbers published by the Bush Regime was $5.66 Trillion, when, in fact, the actual size of the debt was about $14 Trillion. In other words, the national debt was about three times the stated numbers."

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[Phoenix68]

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Tax History: Think CEOs Always Hate Tax Increases?
Bill Clinton Knew Better!!
January 29, 2024
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"If you’re a Democrat looking for allies in a battle to soak the rich, then corporate boardrooms might seem like a bad place to start. And yet, that’s exactly where Bill Clinton found crucial allies during his fight to pass the Omnibus Budget Reconciliation Act of 1993 (OBRA 1993) — a pivotal deficit reduction plan that raised taxes on the kinds of people who run big companies.
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In a recent article for the Journal of Policy History, Seito Hayasaki explains how corporate CEOs rescued Clinton’s economic agenda from almost certain defeat. Within weeks of his inauguration, Clinton was struggling to sell the country on his plan for cutting the federal deficit. But sympathetic corporate leaders helped turn the tide, especially on Capitol Hill, where they pressed lawmakers to support OBRA 1993 — including its rate hikes on upper-bracket individual taxpayers."

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