Bill Clinton: Our arithmetic teacher

 

Clinton, reasonably, argued that one of three things has to happen:

One, assuming they try to do what they say they’ll do -- get rid of -- cover it by deductions, cutting those deductions -- one, they’ll have to eliminate so many deductions, like the ones for home mortgages and charitable giving, that middle- class families will see their tax bills go up an average of $2,000, while anybody who makes $3 million or more will see their tax bill go down $250,000.
Or, two, they’ll have to cut so much spending that they’ll obliterate the budget for the national parks, for ensuring clean air, clean water, safe food, safe air travel. They’ll cut way back on Pell grants, college loans, early childhood education, child nutrition programs, all the programs that help to empower middle-class families and help poor kids. Oh, they’ll cut back on investments in roads and bridges and science and technology and biomedical research. That’s what they’ll do. They’ll hurt the middle class and the poor and put the future on hold to give tax cuts to upper-income people who’ve been getting it all along.
Or, three, in spite of all the rhetoric, they’ll just do what they’ve been doing for more than 30 years. They’ll go and cut the taxes way more than they cut spending, especially with that big defense increase, and they’ll just explode the debt and weaken the economy, and they’ll destroy the federal government’s ability to help you by letting interest gobble up all your tax payments.
Don’t you ever forget, when you hear them talking about this, that Republican economic policies quadrupled the national debt before I took office, in the 12 years before I took office... and doubled the debt in the eight years after I left, because it defied arithmetic.

In case that is too many words, Clinton also did an exercise in which he summarized – with plenty of partisan bias, but with plenty of substance – some of the key arguments in the election, such as this one to get the fundamental approach of his party down to one paragraph:

We Democrats, we think the country works better with a strong middle class, with real opportunities for poor folks to work their way into it, with a relentless focus on the future, with business and government actually working together to promote growth and broadly shared prosperity. You see, we believe that ‘We’re all in this together’ is a far better philosophy than ‘You’re on your own.’

Or this caustic version of the basic Republican argument for replacing Obama, and the basic counterargument:

In Tampa, the Republican argument against the president’s re-election was actually pretty simple, pretty snappy. It went something like this: ‘We left him a total mess. He hasn’t cleaned it up fast enough, so fire him and put us back in…’
I like the argument for President Obama’s re-election a lot better. Here it is. He inherited a deeply damaged economy. He put a floor under the crash. He began the long, hard road to recovery and laid the foundation for a modern, more well-balanced economy that will produce millions of good, new jobs, vibrant new businesses, and lots of new wealth for innovators.

Bill Clinton: Our arithmetic teacher | MinnPost