Scumbria,
Cut the cr@p. Clinton took office with a $290 billion deficit, and the before the Republican Congress implemented their first budget in 1996, the deficit was down to $160 billion.
As usual, you are misstating facts. The last Bush (41) budget in 1993 had a deficit of $255.
Here are the numbers:
Year Nominal deficit Standardised deficit
1993 255 181
1994 203 138
1995 164 136
Based on this data, in all Democrat government, the deficit went down by 35.6% or 24.8% (depending on your definition), not 50% as you claimed.
The was done mainly through cuts in defense, made possible only by the defeat of Soviet union by Clinton's predecesors.
Standardised budget excludes one time charges, or unsustainable items. Here is the definition: Excludes deposit insurance, receipts from auctions of the electromagnetic spectrum, timing adjustments, asset sales, the inflation component of interest payments, capital gains tax revenues, and contributions from allied nations for Operation Desert Storm (which were received in 1991 and 1992).
cbo.gov
Joe |
