The Democrat Party and President Obama keep pushing for Clinton Era taxes on the top 2% of tax earners as part of a Fiscal Cliff deal. They keep pretending this will help with our problem, as if our problem was insufficient revenue not surplus spending.
Let's set that aside for a moment. I have a different question: If they want Clinton era taxes, how about Clinton-era spending? Think about it, friends. How about we demand Clinton era spending if Obama wants Clinton era taxes.
For the record, Clinton era spending was forced by Newt Gingrich and the Republican Congress. Welfare reform, cuts to corporate taxes, etc, all was forced upon Clinton by Newt and the Republicans. That's what I've said for years was the real reason for the Clinton-Era boom, not, as has been falsely credited, the tax increases. (That is, and always has been, a Democrat red herring).
What would Clinton-Era spending look like, adjusted for inflation? In 2000, Clinton's final budget, spending was set at $1.8 Trillion. Adjusted for inflation, that would be $2.417 Trillion. In 2012, the incoming revenues were $2.469 Trillion. That would mean a $52 Trillion SURPLUS, and that is without raising taxes!
Of course, doing this means admitting the real problem, and Democrats are not at all willing to do this...it's all about raising taxes because...ummm...reasons? Oh, right. It's because they know this is indefensible. Their focus isn't on real problem solving. It's on expanding liberalism. And that's the truth the Left doesn't want you to hear.