One Way to Trim Deficit: Cultivate Growth

Source: NYTimes

We look back on the late 1990s as a rare time when the federal government ran budget surpluses. We tend to forget that those surpluses came as a surprise to almost everybody.

...Both President George H. W. Bush (who doesn’t get enough credit) and President Bill Clinton, working with Congress, raised taxes to attack the 1980s deficits....

...{T}he economy grew more rapidly than expected....

Read more: http://www.nytimes.com/2010/11/17/business/economy/17leonhardt.html

---

Bill Clinton raised taxes on our super wealthy, creating jobs and converting our national deficit to surplus. The reason: tax incentivization.

Bush's tax cuts eliminated this incentive. The result: our super millionaires sought higher returns by blowing bubbles, the debt bubble, the ensuing housing bubble, the Wall Street bubble. They also outsourced our jobs and wealth. Consequently they lined their pockets via the lowest taxes in over 60 years for them.

Put our nation's wealth back to work. Restore the incentives that go with historical super millionaire taxes.

Were you better off under the Clinton or the more recent GWBush administrations? Who best to restore our prosperity?

oh, ....... never mind.

is to create JOBS