after clinton got through tax increases over republican cries of impending doom. obama has offered republicans the same deal again. they refuse. who is the roadblock?
The economy did not take off until after the Nov 1994 elections. It was also the point the stock market started its big 6 year run. You must kniow that removing money form the private market and giving to the Government does not build growth. It was the Contract with America and promise to slow spending that caused the boom.
Unless there are pools of unused money around, then government borrowing and investing does not "crowd" any private borrower out.
Obama offered a plan that failed 0-99 in the Senate. Obama is in no way, shape, or form a President who is seriously trying to tackle this issue. In addition, Obama had absolute control for 2 years.
Unused money is usually in the bank in some form. commercial bank money from an initial deposit of $100. the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $500 of commercial bank money. Seems like the banks can get more money in the system then the Government.