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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (94304)2/16/2009 7:34:50 PM
From: ajtj991 Recommendation  Read Replies (2) of 116555
 
There was no surplus in the Clinton administration. There hasn't been one since the 60's if at all.

The "surplus" in the Clinton administration was created by an accounting scheme that adds the Social Security Trust Fund surplus into the general budget. I believe the deficit that year we had the $186-Billion or so "surplus" was really something like $200-Billion, but I'm going by memory here.
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