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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Suma who wrote (19373)10/25/2004 9:02:07 AM
From: Oeconomicus  Read Replies (1) of 90947
 
"I will get back to you on this one. Clinton did in fact balance the budget."

Suma, he was clearly talking about the debt, which DID rise every year under Clinton, not the "official" fiscal budget. That said, the federal budget was never really in surplus either. It is reported as a surplus only because net inflows to social security are counted as revenues to the government, reducing the reported deficit.

It's akin to a private sector employer counting it's 401k or pension contributions as revenue - a practice that would surely land the CEO in jail and cause Kerristas to wail "Bushie corporate corruption." ;-)
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