Nick Gillespie | May 7, 2007
Columnist and sometime Reason contributor Bruce Bartlett gives thumbs up to the prospects of Sen. Hillary Clinton's likely economic plan as president:
On economics, it is reasonable to assume that Mrs. Clinton's policies would not be altogether different from Bill Clinton's. This is not a bad thing. On trade, his record was outstanding and on the budget was far better than George W. Bush's. While Mr. Clinton raised taxes in 1993, it should be remembered that he cut them in 1997, including a cut in the capital gains tax. On regulatory policy, Mr. Clinton was no worse than the current administration and probably better on net.
Democrats know all this, which is why our most liberal pundits, like Bob Kuttner, are attacking Mrs. Clinton for being a clone of her husband on economics and attacking her support for "Rubinomics," named after former Treasury Secretary Bob Rubin. Its essential elements are a commitment to deficit reduction and globalization which are both anathema to the Democratic Party's liberal base. It wants a hard-line against imports to save jobs and an expansive fiscal policy to pay for a wide range of new social programs.
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Sounds to me like Bruce Bartlett is conceding that socialized
medicine is inevitable in this country by implying that a Democrat
will undeniably win the white house.
Maybe it is.
Maybe it is
I fear you are right. Even if we escape Clinton II, I don't see any
alternative that doesn't suck.
Nick! Please tell me again how things are getting better all the
time. It's way too early on a Monday to start drinking.
As a Democrat, this reads like a DARE pamphlet describing what
"drug people" are like.
Deficit reducation is anathema to liberals?
The guy who co-sponsored the Don't Bother Going Back To Congress,
Mr. President Sir AUMF bill (Edwards) is more liberal than the guy
who opposed the war from the beginning?
What is this guy talking about?
I'm sure Boston Globe editorials about the Republican primaries
look the same way to youze guys.
On economics, it is reasonable to assume that Mrs. Clinton's
policies would not be altogether different from Bill
Clinton's.
Unlike Hilary will if she's elected, Bill Clinton also had a
freshly-elected Republican Congress to deal with. Does Babbitt
really think that Clinton's economic policies would have been the
same with a Dem Congress?
Clinton's economic/deficit reduction/tax bill passed a
Democratic Congress, crimethink, in 1993. Not a single Republican
voted for it.
And as a matter of fact, he fought off a large segment of the
Democratic Congress, and his own cabinet, who wanted a "stimulus
package" instead.
Clinton's economic/deficit reduction/tax bill passed a
Democratic Congress, crimethink, in 1993. Not a single Republican
voted for it.
I forgot about that. It's amazing how ungrateful we were as a
nation to the Democrats the very next year.
It was 14 years ago
when all of this was going on.
50-50 in the Senate with Al Gore breaking the tie.
No repub voted for it, several dems voted against.
218-216 in the House. No Repubs voted for; 41 Dems voted against. 1
Ind voted for (hi Bernie).
Google, "Revenue Reconciliation Act of 1993".
The Wikipedia article on it,
hier, has the usual biases of Wikip, so read it at your own
peril.
Unlike Hilary will if she's elected, Bill Clinton also had a
freshly-elected Republican Congress to deal with.
How is that neccesarily so? It's possible that either the House or
Senate or maybe both will swing back to the Republicans in
2008.
Even if we escape Clinton II, I don't see any alternative
that doesn't suck.
What about Arnold Kling's
suggestions? Very very briefly, (1) government-paid care for
the very poor, (2) high-deductible private insurance for everyone
else, and (3) making employer-provided insurance taxable as
income.
"and on the budget was far better than George W. Bush's"
Clinton didn't have anything to do with creating the budget
surplus. It was the additional tax revenue generated by the
economic expansion that began before he took office in his first
term and ended before he left it in his second. And the credit for
that good economy (as it is for ALL good economies) goes entirely
to the private sector.
There was also the small matter of the collapse of the Soviet Empire in 1991, which led to a large reduction in the DOD budget, making balancing the overall budget far easier. Whatever happens in Iraq, I doubt we will see a replay of that phenomena.
It should also be noted that Clinton's economic policies (and
those of the Gingrich Congress) followed the blueprint laid down by
George H.W. Bush and the Democratic Congress.
So much of the credit should go there, too.
"He didn't spent it, Gil."
Ha, Clinton didn't decrease spendng during his 2 terms. In fact the
ONLY thing that kept him from spending more than he did was the
Republican takeover of Congress in the mid-term elections.
And of course, Clinton tried to wreck the whole health care industry by letting his wife nationalize it. Smarter folks had to stop him on that one too.
What about Arnold Kling's suggestions? Very very briefly,
(1) government-paid care for the very poor, (2) high-deductible
private insurance for everyone else, and (3) making
employer-provided insurance taxable as income.
Still sucks if you ask me, JP. As for part (2), is that mandated
that everyone accept some high-deductible private insurance? I fail
to see why we need some plan to provide health insurance. People
will do with their bodies as they will, and it is neither my right
to stop them nor my responsibility to compensate them for what they
do to it.
I would rather see someone who's capable of critical thinking in
the white house. I seem to remember Obama sounding intelligent when
I listen to him speak, instead of Hillary's shrill voice spewing
talking points... but then again, I also seem to remember Obama
becoming more of a politician lately. In short, we're screwed.
What about Arnold Kling's suggestions? Very very briefly,
(1) government-paid care for the very poor, (2) high-deductible
private insurance for everyone else, and (3) making
employer-provided insurance taxable as income.
Assuming we're going to end up with some kind of Federal health
care program:
(1) What about taxpayer-paid low-deductible health insurance for
the poor. And set it up so the poor aren't automatically consigned
to receiving treatment at a second-rate tier of hospitals.
(2) Leaving the middle and upper classes out of the whole
scheme.
(3) Leaving the employer tax break alone, and giving individuals
similar breaks. Hell, why not let people keep a realistic cut off
the top of their own incomes to pay for the basic necessities of
life before you start taxing them?
Of course, the cynic in me knows that the poor will end up in
separate hospitals, the program will be geared towards the middle
class, and tax credits are rarely more than token amounts.
"Ha, Clinton didn't decrease spendng during his 2 terms. In fact
the ONLY thing that kept him from spending more than he did was the
Republican takeover of Congress in the mid-term elections."
Back in the real world, Clinton reduced spending below the increase
in revenue, committed to doing so in his very first economic bill
(which, once again, the Republicans had nothing to do with), and
included Pay-Go rules for appropriations, which limited federal
spending.
Bartlett is right. And we should add, as Michael Crowley did
recently in a cover story for the New Republic, that Hillary "has
always been more comfortable with the military than many of her
liberal boomer peers." She comes from the Truman-Kennedy
foreign-policy wing of her party, and despite enormous pressure
from her base, she refuses to recant her vote authorizing the Iraq
war. She is also cosponsoring a bill to sanction U.S. companies
that do business with Iran.
Equally to the ire of primary and caucus voters, Hillary deplores
violent and sexual content in video games-though because she's not
a knee-jerk leftist, she has proposed a voluntary ratings system
rather than a mandatory one. Indeed, she talks more about our
national morale and faith, which are far common from the mouths of
Republicans than Democrats, than she does about gay marriage and
abortion. A few months ago, she even declared that the latter is a
"sad, even tragic choice."
In short, Hillary has left behind her HillaryCare days and embraced
the political center. She focuses more on consensus than
partisanship. And if you think I'm exaggerating, well, just ask
such adversaries-turned-allies as Rick Santorum (on restricting
graphic media for children); Sam Brownback (protecting refugees
fleeing sexual abuse); Lindsay Graham (expanding health care
services for the National Guard); and Newt Gingrich (reforming
health care).
And yet, pace Bartlett, Hillary is not the most conservative Dem.
That honor belongs to Bill Richardson, about whom you, Nick (with
Dave and Jesse?), summed up the case nicely:
"[As governor] Richardson cut New Mexico's income tax from 8.2
percent to 4.9 percent, halved the capital gains tax, and
eliminated the gross receipts tax. He frequently and explicitly
drew a link between lower taxes and economic growth. . . . [He] not
only supports the right to carry a concealed weapons but holds a
concealed-carry permit himself. He . . . endors[es] charter schools
(but not vouchers) and medical marijuana (but not
decriminalization)."
And in case you think a presidential run has caused Richardson to
revisit his views, as it has done to others, two things he said
last week should quell your fears. First, on taxes: "Democrats,
whenever we have a solution, we want to tax. I'm different. I'm a
tax cutter." Second, on guns: "I'm a Westerner. . . . The Second
Amendment is precious in the West." In fact, Richardson has the
highest rating from the National Rifle Association of any candidate
for president, Democrat or Republican.
"Back in the real world, Clinton reduced spending below the
increase in revenue"
In the real world, only an ACTUAL spending reduction - where less
total dollars are spent in the currrent period being measured than
in the prior one - counts as a spending reduction.
Clinton didn't do that. And, as I said before, the revenue increase
came in due to the economic boom and he get's zero credit for any
of that.
"In the real world, only an ACTUAL spending reduction - where
less total dollars are spent in the currrent period being measured
than in the prior one - counts as a spending reduction."
Uh huh. Let's level-fund the military for a decade and see how long
it takes Gilbert Martin to use the term "slash."
Jonathan Rick -
Bill Richardson 4EVR!
But seriously, I do like him over any other candidate on the Dem
side. Unfortunately, he has a snowball's chance in hell of winning
the nomination.
"Uh huh. Let's level-fund the military for a decade and see how
long it takes Gilbert Martin to use the term "slash."
No, when it comes to financial terms, I use the words that actually
describe what happened.
And speaking of actually portraying reality, I will point out that
the actual liabilty created by all those entitlement programs that
are beloved of the liberal dems calculated on an accrual accounting
basis (as the government requires corporations to do it) is an
astronomical amount. The very act of EVER creating any of those
type programs in the first place is massively fiscally
irresponsible to begin with. Oh and of course, they are all
unconstitutional as well, since there isn't a one of them that is
pursuant to any ennumerated power delegated to the federal
government in the text of the Constitution.
Reinmoose -- Just to clarify, Kling's
high-deductible-private-insurance proposal is not intended as a
mandate. People would be free to buy or not buy whatever kind of
insurance they want and can get. He sees high-deductible as a good
outcome that the insurance market would reach on its own if the
government allowed it (and did away with the current perverse
incentives).
BTW, his book, to which I'm probably not doing justice, is very
short, readable, and worth taking a look at.
I'll make a note of the book. However, I'm one of those members
of the marketeers club, and really have no interest in government
programs for anything. That being said, I realize that the
likelihood of health care being entirely left up to the private
sector is approaching zero, and that it's good to find alternatives
to support.
If we're going to give the poor health insurance, can we
please also mandate, pay for, and control what they eat?
Cheap food and sedentary lifestyle leads to fatness and health
problems.. I'd rather pay for people to be healthy enough not to
need health-care than to pay for ridiculous levels of care for
unhealthy people. I saw this poor, obese woman at the grocery store
the other day buying cheap processed foods to feed her and her
1-year old. I felt like giving her a $20 and asking her to please
go buy some produce. This is a problem.
Reinmoose wrote, "I realize that the likelihood of health care
being entirely left up to the private sector is approaching
zero,"
You know people used to say that Germany will never be re-united at
that people ought to accept that fact and learn to get along with
all of Eastern Europe and accept the fact it will always be
dominated by the Soviet Union.
Thank god Ronald Reagan didn't have that atittude.
Reinmoose your a jerk. Nationalizatiion of health care is not
inevitable if people don't act like a stupid loser like you.
Terry -
yore a jerk too!
Since the two issues (Healthcare in the United States and German
reunification) are two completely different issues, I don't even
know how you even began to draw a paralell. Do you think that some
maverick president from a country without nationalized healthcare
is going to diplomatically work with the United States to ensure
that we don't develop socialized medicine? Really now, where is the
comparisson? This is a self-inflicted ill that even Republicans are
talking about.
"Clinton's economic/deficit reduction/tax bill passed a
Democratic Congress, crimethink, in 1993. Not a single Republican
voted for it."
But, joe, do you think we would have had such a good economy if
Hillarycare had passed?
"It's possible that either the House or Senate or maybe both
will swing back to the Republicans in 2008."
Very unlikely, as long as the Republican Party insists on
supporting an unpopular war.
"He didn't spent it, Gil."
He didn't spend it because the Republican Congress didn't allow him
to. They acted more responsibly then than they have lately. One big
reason they were voted out in 2006.
"Still sucks if you ask me, JP. As for part (2), is that
mandated that everyone accept some high-deductible private
insurance? I fail to see why we need some plan to provide health
insurance."
If we can sell the public on a completely free market in
healthcare. The problem is, people tend to think some degree of
government is necessary. Kling's proposal is better than a complete
government takeover of healthcare.
Rattlesnake Jake -
I agree it's better than a complete government takeover of
healthcare, as I later articulated.
"And in case you think a presidential run has caused Richardson
to revisit his views, as it has done to others, two things he said
last week should quell your fears. First, on taxes: "Democrats,
whenever we have a solution, we want to tax. I'm different. I'm a
tax cutter." Second, on guns: "I'm a Westerner. . . . The Second
Amendment is precious in the West." In fact, Richardson has the
highest rating from the National Rifle Association of any candidate
for president, Democrat or Republican."
If only he stood a chance.
"BTW, his book, to which I'm probably not doing justice, is very
short, readable, and worth taking a look at."
It's on my "to read" list.
Anyone voting for Hillary Clinton thinking she is a closet conservative will be grievously dissapointed. The only ideology Hillary Rodham Clinton adheres to is selfish self-interest.
Sheldon is right. How can we trust Hillary. She will say anything to get elected. She is positioning herself as a centrist, looking ahead to the general election assuming she's going to get the Democrat nomination which I hope she doesn't. Obama's also a leftist, but at least he strikes me as basically honest, unlike Hillary.
Rattlesnake Jake,
"He didn't spend it because the Republican Congress didn't allow
him to."
No, that's not true. The budget rules written into the 1993
Democratic bill are those which wre followed throughout the 1990s.
We don't have to guess at how Clinton would have spent if he'd had
a Democratic Congress - he would have followed the budget rules in
his own bill, and would have spent roughly the same amount.
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