[quote name='mykevermin']Of course. Return to the marginal tax rates we had pre-Reagan (remember, back when our national debt was under $1 trillion?).[/quote]
Let's go back to the tax rates when our national debt was $0.
We had surpluses for 2 years under Clinton, on the back of annually declining budget deficits.
Go research "Clinton Budget Myth". I'm sure if you play with the numbers long enough, you could come up with whatever outcome you want. But I tell you what, head on over to
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Here's numbers of interest:
Lowest National Debt during Clinton's terms:
01/29/93 $4,167,200,410,899.83
Highest National Debt during Clinton's terms:
03/30/00 $5,788,541,874,357.52
National Debt at the start of Clinton's terms:
01/20/93 $4,188,092,107,183.60
National Debt at the end of Clinton's terms:
01/19/01 $5,727,776,738,304.60
Weird - that biggest number is really close to the number at the end. That lowest number? I believe that was during the time frame when the the policies of Bush Sr. were still in place. I will admit that Clinton-era budgeting was better than what we had under Bush Jr. or Obama - by a lot.
Oddly enough, congress was in control of the Republicans during those final six years.
vague vague vauge. and inaccurate. we did have budgets under control during Clinton. Then Bush cut tax rates.
"under control". heh.
What a charade. This is the same "well, if you want tax rates so bad why don't you write a check to the IRS?" meme that's all up on talk radio (you're hitting all the popular themes this week, Bob. Who is your favorite host?). That's not going to provide us with a balanced budget.
Dave Ramsey. Gets a bit too Jesus-y at times though. Herman Cain is up there too. Thanks for asking.
So... balanced budget? Where were you right after the Democrats passed PAY-GO (great idea), then turned around the next week and threw hissy fits because some Republican (forget who) wanted them to pay for the bills they wanted to pass? Oh, I remember, it was bad because that guy wasn't playing politics "fairly".