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> Notably, this was done during the 1990s Clinton administrations and it worked quite well. - in the summer of 1995, the Clinton administration admitted that “
by Supermancho 4y ago
> Notably, this was done during the 1990s Clinton administrations and it worked quite well.
- in the summer of 1995, the Clinton administration admitted that “balancing the budget is not one of our top priorities.”
"It worked quite well" meaning:
"We have a balanced budget today that is mostly a result of 1) an exceptionally strong economy that is creating gobs of new tax revenues and 2) a shrinking military budget." - Stephen Moore
https://archive.ph/OD4nl#selection-1643.78-1643.91 https://archive.ph/OD4nl#selection-1643.78-1643.91
Whoever was to blame, the issue is that politicians have been disconnected from spending constraints for too long. There are no controls that impact them when they fail to perform one of their basic duties. Deciding how to spend tax revenue has morphed into deciding how to spend future revenue across all strata of politics (local to federal). The 91fwy express lanes from 1994 are STILL tolls, which was supposed to be converted to additional freeway lanes decades ago, based on the initial project. Nope, money in the hand and promises of money in the future, is what the cities want. From this, we get wasteful slush-fund industries (eg lotteries, etc).