GG, i'm not trying to prop up the republicans, they are total frauds.
clinton came darn close to balancing the budget. remember, i posted this...
lafn.org
i think it is important to be truthful, though. there was no surplus as, by definition, that means that the debt would drop to a lower value. it didn't, so there wasn't.
we also need to know why he came close to that surplus.
greenspan faked productivity numbers (hedonic pricing and chain weighted dollars), proclaimed a new economy and productivity miracle and printed money like there was no tomorrow.
iow, that was the start of the credit bubble that bush accelerated into the all out destruction of the world economy that we are seeing today.
note - we've spent and obligated ourselves to almost twice what it took to win WWII (inflation adjusted) since january of this year.
on monday and tuesday of this week, we spent or obligated ourselves to 35% of what it took to win WWII.
the credit bubble started by greenspan under clinton and accelerate by the bushevics may well destroy our nation.
context is *everything*, imho. |
