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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (15181)	11/5/2003 6:50:48 AM
From: bearshark	Read Replies (2) of 793602

>>>The Deficit? We never did get out from under it during Clinton. It kept going up each year even while it was claimed we were balancing the budget.<<< Look at table 1 in the following document from the Congressional Budget Office. cbo.gov From fiscal year 1993 through 1998, the federal budget "on-budget" was reduced. In fiscal year 1999 and 2000, there was an actual surplus in the "on-budget" amount. You can see for yourself what the funds were bringing in on their own. Now go to table 2. You can see the rate of growth in the outlays decreased as a part of GDP from fiscal year 1991 through fiscal year 2000. However, you will see that revenues as a percent of GDP also grew from fiscal year 1992 through fiscal year 2000. By fiscal year 2000, revenue as a percent of GDP was excessive and we needed some type of tax cut to bring the budget in balance. Some could argue that we needed to reduce our debt. Take a look at the outlays as a part of GDP for fiscal year 2002. It is growing. There is no reduction. The spigot is turned on all the way. Now go back to the numbers in Table 1. Look at the Social Security surplus from fiscal year 1999 forward. We are now spending the surplus in its entirety. You don't have to worry about social security in the future. There won't be any. Look at the preliminary numbers for fiscal year 2003 in the following document. cbo.gov Go down to the last table called "Total Outlays." You will see defense increased by over 17 percent. However, you will see that everything else is steaming ahead also. While you are thinking about that, think about the political "prescritpion drug program." That is estimated to cost $40 billion a year for the next 10 years. So, add that baby on to our spending. We are practicing "Johnsonian-Reaganomics." Spend taxes and cut taxes. Its just a matter of time before the flames meet at the center of this fiscal candle.

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