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Clinton and the Dems pushed through a tax increase which brought our budget back on a path to balance.  Instead of govt soaking up credit, it was there for others to use or speculate with.  Long rates dropping made everyone's housing expense drop like a stone.  I still remember a 10% mortgage and an 18% car loan.

Now had we kept on that path and actually paid down debts the last 8 years, the economy wouldn't have gotten quite a frothy and the US debt would be $3-4 trillion instead of $10-11 trillion.

by HiD on Thu Nov 13th, 2008 at 04:38:45 PM EST
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