Vic
Elite Member
- Jun 12, 2001
- 50,415
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Originally posted by: senseamp
Do you not understand how deficit spending leads to inflation, and how the government competing with the private sector for borrowing leads to higher interest rates? You make it sound as if the fiscal policy of the US government have nothing to do with the economy.
Likewise, you make it sound like it has everything to with the economy.
Hey, look, I can argue like you do, too! Pal, I work everyday in finance.
The fact remains that most of the Clinton years were in deficit (only the last 2 weren't, and that was solely due to economic expansion causing an unexpected rise in revenues, not a decrease in government spending or borrowing, for that matter), and that the economy was poised for expansion during the 90s REGARDLESS.
I wish I could go back and buy, buy, buy like crazy. Stocks, bond, real estate, commodities, you name it. I'd be retired already (in my 30s). Do you think, years from now, that people will ever be saying the same thing about the economy to be inherited from this election?