Monthly Archives: April 2011
Does anyone else see the irony and the repeat of history? When Bill Clinton was in office he was spending like the dollar was going out of style and like we loved working half the year to fund his whims. Then the Republicans took over the House and Senate and brought out the Contract With America. Their proposed cuts were refused by Democrats and the President. So the government shutdown talk happened and a tad more. Finally there was compromise and the budget was balanced. We even went into surplus. Clinton didn’t want that. He wanted to spend more and lamented his compromise with Republicans who were a bunch of tight wads in his eyes. But then Clinton bragged about balancing the budget and getting spending under control, we he had to give in to that Republican demand and had spend like a madman when he had his party backing him in the House and Senate.
House Budget Committee Chairman Paul Ryan spoke at the American Enterprise Institute Monday and warned that the country is at a “tipping point” in its debt crisis that threatens to “curtail free enterprise” and lead to a “gradual moral-political decline as dependency and passivity weaken the nation’s character.”