"what exactly did Clinton do to reduce the deficit?"
Clouds of BS cant change the fact that HE ELIMINATED IT ENTIRELY.
No republican can claim that.
And if you STILL believe cutting taxes increases revenue then you also have to believe that raising taxes reduces revenue.
How come, then, when Clinton raised taxes in 1993 revenue went UP? Not one of you wants to touch that one - I think because you know somewhere in your heart of hearts that if YOU tried to reduce your PERSONAL financial deficit by decreasing your income, your banker would laugh at you. And that is exactly the belief you profess to have about the government.
I guess you all can convince yourself of anything if you can look at the graph Erps posted, where tax cuts are followed by a decline in revenue (twice! after Reagan did it AND after Bush did it) and convince yourself that the
line actually goes up and not down. Truly an exercise in magical thinking "Down is up!"
I live in the land of reality. When a tax cut is followed by a dip in revenue (twice!) and a tax increase is followed by an increase in revenue, and the graph clearly shows this to be true, I use common sense and conclude that when you ask for less money you get less. When you ask for more you get more.
To conclude otherwise is just silliness. It is the argument of people who dont want a tax increase and dont want to cut the services they enjoy either. Well, I stopped thinking that way when I turned 4.
It is a good thing we will get a Dem in the White House and the Congress looks set to throw out the Repubs wholesale. You dont get 81% of the country thinking you are on the wrong track because of the peachy keen way you are running the economy.