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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Neocon who wrote (37104)3/6/1999 2:17:00 AM
From: Neocon  Read Replies (1) of 67261
 
Gee, I found that so refreshing that I thought we deserved another:
On average, Congress spent 2.8% more than Reagan asked for, while the cumulative (yearly compounding rate) was a whopping 24.5% more. If the budget in 1989 had been 24.5% smaller (i.e., 280 billion dollars) there could have been a surplus of about 130 billion dollars instead of a deficit. This is equivalent to a constant compounding increase of 2.8% every year during the 8 budgets above and beyond the previous year's spending. Whomever thinks that is not a significant amount should ask themselves whether a balanced budget in 1989 would have been significant.
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