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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (121461)3/21/2010 12:19:39 PM
From: Skeeter Bug2 Recommendations  Read Replies (1) of 132070
 
>>We have a pretty good revival under Newt/Clinton's "balanced budget", which all nutjobs claim was fake numbers.<<

Knighty, your partisanship leaves you wide open to manipulation.

the following truth's apply to clinton's "surplus:"

1. tax receipts from a stock market bubble dramatically increased tax receipts. i recall you complaining about that bubble while it was going on. unless you want to be manipulated into arguing bubble economies are good for the citizenry over the long term... welcome to the bust.

2. the total national debt (all sources of borrowing, including inter-grovernmental) went up every single year clinton was in office. there was one year where it was *almost* balanced, but not quite.

3. the numbers themselves aren't "phoney," they are cherry picked. they use the "public debt" numbers in order to generate the "surplus" - assuming that borrowing from intergovernmental sources somehow doesn't count as borrowing.

aren't we in our current meltdown because greenspan started blowing credit/stock market bubbles and clinton broke the glass-steagall and legalized TRILLION dollar bucket shops (yes, both republicans and democrats wanted the same thing, but the buck stops at the white house - and he couldn't conceal his SE grin in the picture)?

clinton is oh, so happy!

narcissus.net
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