The unanswered question: What about Clinton-era spending rates?
According to official government figures, the feds collected revenues totaling 20.6 percent of the gross domestic product in 2000, the final full year of Clinton’s term. Under Obama in 2012, however, Washington spent money at a near-record rate of 24.3 percent of the GDP. Even with all of Clinton’s tax revenues, that still would have left a deficit of 3.7 percent of GDP, significantly higher even than the worst full year of the much-reviled George W. Bush.
Moreover, to reach Clinton-era revenue levels, Congress and the president would need to let all the Bush-era tax cuts expire, not just erasing breaks that benefit the wealthy. Yearly tax burdens for a typical, middle-class family earning $50,000 a year would increase $3,700, a development leaders of both parties consider utterly unacceptable. And all those punishing payments by hard-working, stressed-out Americans would still leave us with dangerous, damaging levels of deficit spending…
Conservatives ought to face up squarely to the uncomfortable fact that there’s scant evidence that sharply reduced taxation since the Clinton era has helped middle-class Americans build wealth or improve their economic standing.
But Democrats and other Obama apologists must confront the even more obvious truth that similarly steep hikes in federal outlays have done nothing to lift the circumstances of ordinary Americans. Washington has increased its share of the national economy by a frightening 34 percent since Slick Willy left office. It’s not possible to blame all of that on Bush’s two costly wars or his prescription drug benefit, as Obama increased federal spending as a share of GDP far more rapidly than did Bush.











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Bring it on! as long as every non earning loser is cut off of $7,400 a year of government spending.
astonerii on November 25, 2012 at 9:12 PM
Exactly! As the GOP starts caving on taxes the spending discussion takes a seat…in the trunk
Why can’t we talk about returning to pre-stimulus level of spending. It’s outrageous that a the so-called stimulus is now part of the baseline. Where did the money from the stimulus go and where will all of the money from the new baseline go?
Charlemagne on November 25, 2012 at 9:41 PM
The trickle
downup phenomenon.lester on November 25, 2012 at 9:48 PM
You’d think lester was a champion of the middle class…
tom daschle concerned on November 25, 2012 at 9:58 PM
Don’t stop reading there….
We’ve looted the future to bribe the present that will avail us nothing. Future generations will live and labor under a depressed economy that struggles to pay back that debt and as that debt and a bloated entitlement state suck increasingly more out of the economy.
Trickle to nowhere.
gwelf on November 25, 2012 at 10:02 PM
I’m certain lester doesn’t take any tax deductions knowing that the extra money in his pocket won’t do himself any good and is better spend on and by federal bureaucrats.
gwelf on November 25, 2012 at 10:06 PM
They weren’t designed to improve but to sustain. Conditions have changed so they need review (e.g. retirement age because people live longer) and not abolishment.
Trickle down though was completely bust, from the get go.
lester on November 25, 2012 at 10:21 PM
Trickle down didn’t have middle class in mind.
lester on November 25, 2012 at 10:21 PM
I’m certain that you are intelligent enough to explain why.
Take a stab at explaining the pelosi/reid/obama way of bolstering the middle class.
I’m all ears.
tom daschle concerned on November 25, 2012 at 10:23 PM
Obamacare, eliminating with #1 cause of bankruptcy declarations in America, most of them middle class.
lester on November 25, 2012 at 10:48 PM
withlester on November 25, 2012 at 10:48 PM
Delusional.
Mimzey on November 25, 2012 at 10:50 PM
So you decry Reagan’s economic plan using the language of the left, those who hated his guts and were totally invested in his destruction and failure, then you cite Obamacare, which is the largest transfer of wealth in the history of the world, an invasion of privacy, the largest tax increase, the single most job killing piece of legislation ever passed as ‘help’ for the middle class?
Are you insane or stupid?
tom daschle concerned on November 25, 2012 at 10:52 PM
You just sacrificed 100$ of your credibility on something incredibly stupid.
You are dismissed lester.
tom daschle concerned on November 25, 2012 at 10:54 PM
FTFY.
MelonCollie on November 25, 2012 at 10:54 PM
$->% lol
tom daschle concerned on November 25, 2012 at 10:54 PM
It’s the spending, stupids!
Schadenfreude on November 26, 2012 at 12:32 AM
Obama hates the middle class and is dead set to eliminate it. It will create more stupids in the modern day voting plantation.
lester is not very bright.
Schadenfreude on November 26, 2012 at 12:34 AM
Ahh yes, another “Conservative” repeating liberal talking points. Who needs enemies with guys like Medved around?
So the answer is no, you can’t explain it in an intelligent way, choosing make-believe instead.
xblade on November 26, 2012 at 3:17 AM