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Politics : PRESIDENT GEORGE W. BUSH
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To: Scumbria who wrote (155106)6/22/2001 9:14:42 PM
From: Lazarus_Long  Read Replies (1) of 769667
 
I can not explain discrepancies between CBO accounting and other claims of rising debt made on this thread.
Can you explain it?
No. OTOH, I didn't claim the budget was balanced after a few years of Clinton, either.

Do you know the words "I made a mistake. That was wrong." Try using them when you are wrong.

Now as to the debt: If Congress would not spend the surplus, I would prefer that it be applied to reducing the debt. Many things went into producing the '90s boom, but very likely one of them was reducing the amount the government borrowed in the bond market. That allowed interest rates for commercial debt to fall.

The trick here is the phrase "If Congress would not spend the surplus". They were getting ready to do just that, remember? The only protection against that may be to keep the money out of their hands- -a tax cut.
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