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Would you accept Clinton era tax rates coupled with Gingrich era spending?
I've heard a lot of people say that we should go back to the tax rates we had under Clinton, as the economy was doing great. The only thing they ever seem to mention though, is the tax rate. Okay, how about we balance both sides of the scale? Will anyone who wants to go back to Clinton era tax rates also support a return to Gingrich era spending? If we taxed and spent like it was 1999 (adjusted for inflation) would that be a compromise everyone could live with?
8 Answers
- Anonymous10 years agoFavorite Answer
Gingrich era spending was 18% GDP compared to Bush 20% and Obama 25%
Little wonder that economy is trashed
- ?Lv 610 years ago
Sure - might need to end a war or two, though.
In 1999 the CBO was predicting multi-billion dollar budget surpluses by 2011. Instead, we are mired in even more debt. What happened Obama?
- Anonymous10 years ago
That idea might work if we did not have to underwrite two military conflicts.
Why do people not take that fact into consideration?
- Daniel FellowsLv 510 years ago
No, because if we lowered Spending, then why would we need a Tax Hike?
Why don't we just lower Spending enough so that we can actually Lower Taxes for everyone?
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- ?Lv 510 years ago
it would work... with a few issues...
I was reading a study about how our spending differs since 2001... and it made me ask this question... see the study inside of the question
- 10 years ago
sounds great !
now all we need to do is get those wacky teabaggers to "compromise" for the good of the country
(good luck with that, they would rather destroy our nation than compromise for it's future well being)
- ConcernedLv 610 years ago
Ah you're missing the tech and dot-com booms that made that possible..
Source(s): Small Business Owner
