IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- The Myths Of Clintonomics What I find interesting is the idea that somehow, the dot.com bubble was not involved in Clintonomics, I recall the 90's, there were absurd prices being paid for companies that had negative earnings simply because they were the "new" thing, companies like Gateway and WebMd or Pets.com. Now it is my suspiscion that what will happen is new "carbon neutral" mandates will be passed into law, the idea being that "green tech" will then boost the economy, Utilities are one of the last solvent cash based enterprises in the US now that Banking has collapsed, but and it is a large but, the cost for such a "boom" will be paid for by 85 yr olds in the form of higher energy bills. TANSTAAFL TANSTAAFL - Wikipedia, the free encyclopedia
The dot com bubble had a lot to do with it. The extra social security taxes it generated actually caused a surplus at social security. That surplus was then used to pay down the public debt. If I remember correctly, I'm thinking the "surplus" was a 10 year projection. A projection that assumed we wouldn't need our continually stripped down, and suddenly thrifty military any time soon. Oops.