United Liberty

At the White House website, the biography of Bill Clinton illustrates the successes of his administration, most notably:

During the administration of William Jefferson Clinton, the U.S. enjoyed more peace and economic well being than at any time in its history.

It’s true. The Clinton years were some of the most prosperous years that the United States has ever seen. Was that the result of massive government spending and initiatives? Of course not. Clinton’s first major initiative - health care reform - failed, resulting in a Republican takeover of Congress and Clinton shifting to rhetoric such as ”the era of big government is over.”

The actual successes of the Clinton years were very right wing ones - welfare reform, free trade agreements and a robust innovative economy fueled by the ingenuity of software entrepreneurs. Spending was down, and Bill Clinton left office with a huge surplus. This was certainly the result of a lack of spending from the federal government, a foreseeable result of having two diametrically opposed political parties in power at once. The fact that the low-spending Clinton years (years in which the government actually shut down for nearly two months) resulted in economic prosperity, while high deficit eras like the pre-war terms of Franklin D. Roosevelt and the Bush-Obama years resulted in depression and recession, makes one of the strongest cases for libertarianism.

Dr. Paul discusses the spending bill and the credibility of the Republican Pary with Bill Maher, and argues that regulation and spending has created this crisis, not the free market.