From: Marc Perkel
http://www.perkel.com/politics/gore/index.htm
Debt Free by 2009?
In 1992 the economy was out of control. The deficit was soaring,
400 billion a year, and rising. The economy was flat. Some called
it a
triple dip recession, some called it a depression. President
Bush was
clueless as to what to do about it as they let their cronies
and Bush's
sons raid the country's Saving and Loan industry. Was America
facing
bankruptcy from the Reagan/Bush policies of borrow and spend?
What would we do if we could no longer pay our debts? What would
we do if the Japanese quit loaning us money? It was like we Americans
were on our knees as beggars looking for the Japs to give us
a handout
as President Bush puked in the Prime Minister's lap. Balancing
the budget
and restoring fiscal responsibility was like an impossible dream.
And then came Clinton/Gore!
I believe President Gore will have the national debt paid off
by the time he leaves office in 2009.
Like a pair of heroes riding in on a white horse the Clinton/Gore
team had a plan.
The promised to focus on the economy like a laser beam. Clinton/Gore
understood
the importance of fiscal discipline, creating new jobs, and paying
off our national debt,
the Reagan/Bush debt. America decided to give Clinton/Gore a
chance, and
they delivered on their promise. Now we have budget surpluses
and we're just
beginning to pay of the national debt. And fortunately, in the
5 budget years the
Republican Congress has been in power, not once have they had
their work done
by the October 1st deadline and have been forced to accept the
Clinton/Gore budget.
The Republican do nothing Congress has been living off of Clinton's
political welfare
for the last 5 years, trying to take credit for the accomplishments
of the
Clinton/Gore administration. But when the Republicans go
up against Clinton/Gore, the fold faster than Superman on laundry
day!
Al Gore is a conservative and hasn't made the promise that he'll
have
the national debt paid down to zero in the next 8 years
of his presidency. However, at the rate the Clinton/Gore team
has
changed deficits into surpluses, I think it's safe to expect
that if Al Gore is President, that the national debt will be
gone when
Gore passes the torch to his Democratic successor. And
when America is debt free, we'll have a 15% across the board
tax cut
without cutting any programs because 15% of every
dollar we pay in taxes goes to pay the interest on the Reagan/Bush
debt.
Reagan/Bush was a national disaster. Clinton/Gore saved
the day and turned our country back in the right direction.
Why would anyone want to go back to the Bush daze?
I don't know why anyone would want to elect another Bush when
we haven't
paid off the bills the last Bush stuck us with. Are we going
to go back to the
malaise days where a clueless Bush was ruining our country into
the ground?
Or do we stay the course and let President Gore continue the
Clinton/Gore
economic recovery. I think we should pay off the national debt
before we let
the Republicans trash the economy again.
Clinton thinks America can be debt free in 13 years.
President Gore can do it in 8.