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DonCoquixote

(13,616 posts) Sat May 4, 2013, 04:19 AM May 2013

If the Clinton tax rates had remained in effect, the entire national debt would have been paid off

http://rationallythinkingoutloud.com/blog/2011/01/20/if-the-clinton-tax-rates-had-remained-in-effect-the-entire-national-debt-would-have-been-paid-off-by-2012/

The facts speak for themselves.

8 replies

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If the Clinton tax rates had remained in effect, the entire national debt would have been paid off (Original Post) DonCoquixote May 2013 OP

Now the Bushies convinced Democrats we had to keep it. So sad. dkf May 2013 #1

+1 Sherman A1 May 2013 #2

Most people forget that a commission was put together to study what to do rurallib May 2013 #3

Well, paying off the entire debt would destroy the world economy Recursion May 2013 #4

John Kerry Serves Up a Reality Check (January 2011) ProSense May 2013 #5

Now is not the time to look back, but to look ahead. Octafish May 2013 #6

The last thing the conservatives want is a solvent national government. bemildred May 2013 #7

You're assuming anyone wants to pay off the debt kudzu22 May 2013 #8

dkf

(37,305 posts)

1. Now the Bushies convinced Democrats we had to keep it. So sad.

Reply to DonCoquixote (Original post)

Sat May 4, 2013, 04:29 AM

May 2013

Sherman A1

(38,958 posts)

2. +1

Reply to DonCoquixote (Original post)

Sat May 4, 2013, 04:30 AM

May 2013

K&R

rurallib

(62,423 posts)

3. Most people forget that a commission was put together to study what to do

Reply to DonCoquixote (Original post)

Sat May 4, 2013, 10:02 AM

May 2013

if the country had no debt. Oddly enough, this would create major problems.
But W had the foresight to stop such problems dead in their tracks. He was a great president, no?
(sarcasm for the humor impaired. About Bush - the rest is true)

Recursion

(56,582 posts)

4. Well, paying off the entire debt would destroy the world economy

Reply to DonCoquixote (Original post)

Sat May 4, 2013, 10:04 AM

May 2013

So we probably wouldn't have actually done that.

ProSense

(116,464 posts)

5. John Kerry Serves Up a Reality Check (January 2011)

Reply to DonCoquixote (Original post)

Sat May 4, 2013, 10:08 AM

May 2013

John Kerry Serves Up a Reality Check

By karoli

John Kerry gave a speech last week at the Center for American Progress that should become the marching song for every liberal in this country. He was clear: The last 10 years have cost us too much, and if the hyper-partisan tone doesn't change to one of true concern for the direction of this country, we will cede any chance to lead to others.

He hits it all: Infrastructure, energy, debt, climate change. Every point. The one that hit home for me was when he talked about where we might have been, had Bush and the Republicans not unwound progress made during the Clinton administration.

Here's an example. We talk about how the Clinton tax rates generated a surplus, but we stop there. We don't talk about the fact that if the Clinton tax rates had remained in effect, the entire national debt would have been paid off by 2012. Imagine what a difference that would have made in today's dialogue. And more importantly, why aren't we hammering this home every single time one of those self-righteous Republican buffoons stands up and talks about how our national debt is killing the country?

Kerry points out that we would be at a point where our financial position would be at it's strongest point ever. What would that have meant when (or if) the bottom fell out of the economy? Most assuredly, we wouldn't have to be speaking of debt retirement and austerity.

- more -

http://crooksandliars.com/karoli/john-kerry-serves-reality-check

As a Senator, Kerry voted against both Bush tax cuts and the bankruptcy bill.