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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (70184)8/9/2009 6:42:50 PM
From: Neeka5 Recommendations  Read Replies (1) | Respond to of 224728
 
Clinton didn't balance the budget until the Republicans took over Congress.



To: Kenneth E. Phillipps who wrote (70184)8/10/2009 1:00:45 PM
From: Jorj X Mckie4 Recommendations  Read Replies (1) | Respond to of 224728
 
There was never a budget surplus during the Clinton Presidency.

Clinton just stole the money from social security to make it look like a surplus to the idiots who won't use their brains.

In fact, I posted this to you a couple of weeks ago.

http://siliconinvestor.com/readmsg.aspx?msgid=25825675

To: Kenneth E. Phillipps who wrote (69643) 7/30/2009 2:42:34 PM
From: Jorj X Mckie 4 Recommendations of 70229

When George Bush took office at the beginning of 2001, the federal government was running a substantial budget surplus and projected rising surpluses "as far as the eye could see." Now, the United States is facing massive current deficits -- as a share of the economy, the largest since World War II -- and an increasingly dire and unsustainable outlook over the next 10 years and beyond.

In 2001, the Congressional Budget Office projected that the 2008 budget would show a surplus equal to 4.5% of gross domestic product. The actual 2008 budget ran a deficit of 3.2% of GDP.

This is a load of crap. there was no surplus. There was a shell game where the government took funds from Social Security to pay down public debt, but there was always a budget deficit during Clinton's presidency. The budget deficit did decrease through most of Clinton's presidency due mainly to people paying more money into Social Security because of the dotcom boom. But as would be expected, when the bubble burst (under Clinton's watch), the deficit started to increase. Clinton handed over an economy that had about a $130Billion deficit.

craigsteiner.us