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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (107378)7/9/2011 7:17:14 PM
From: lorne4 Recommendations  Read Replies (2) of 224755
 
kenny...Are you interested in the truth about clinton's phony surplus?."That tax increase was largely responsible for the budget surpluses during the Clinton years."....

The Myth of the Clinton Surplus
January 18, 1998

The government can have a surplus even if it has trillions in debt, but it cannot have a surplus if that debt increased every year. This article is about surplus/deficit, not the debt. However, it analyzes the debt to prove there wasn't a surplus under Clinton.

For those that want a more detailed explanation of why a claimed $236 billion surplus resulted in the national debt increasing by $18 billion, please read this follow-up article.

Full article.....

craigsteiner.us
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