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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (360705)11/29/2007 11:35:12 AM
From: bentway  Read Replies (2) of 1575173
 
"No he didn't. To achieve his "surplus," he included SS and Medicare tax revenues, just like it's been done for years.
No he didn't. To achieve his "surplus," he included SS and Medicare tax revenues, just like it's been done for years."

Yes he did. There was still DEBT, but there was no DEFICT, which resulted in a current operating SURPLUS.

To break this down to where you can understand it, imagine you personally didn't make enough to pay your bills, and were making up the difference by charging it to credit cards. The amount you charged to credit cards would be your DEFICIT. Now, imagine that you cut your expenses and raised your salary enough so that you didn't NEED the credit cards ( on which you still owed a DEBT ), but instead were saving a SURPLUS.

Clinton is the only President to have done this, I believe since Eisenhower. I thought I'd never see it in my lifetime.
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