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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (111535)	2/19/2008 1:25:01 PM
From: Freedom Fighter	Read Replies (3) of 132070

KT, Longandshort mispoke when he used the word "deficit". The "natonal debt" rose every year under Clinton! The country was running a "cash" surplus in many years under his presidency, but the national debt was rising anyway because things like SS were running a surplus and the cash was being used. The IOUs were being shifted to the "non public" side of the national debt. treasurydirect.gov There are two numbers - public debt and national debt. The thieves, scumbags, spin masters (in other words, politicians, central bankers, etc..) focus on the public debt and current cash flows because it makes things look better, but the national debt is also a very important number. Of course, even that number understates the bankrupt medicare program promises that accrue each year! Besides, we've already discussed this issue to death. Everyone that was paying any attention knows that Clinton benefitted from a whole slew of one time and short term advantages regarding the budget during his presidency (not that he did an irresponsible job in that regard).

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