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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (114291)	5/27/2012 12:54:23 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

That's not true, Koan. The reality is that even Clinton's surpluses weren't real, but I applaud him for his fiscally conservative nature and how far he got us. They looked like surpluses, because our government includes net surpluses from Social Security in their calculations. But if you remove those, then even the Clinton surpluses were actually deficits. And now, with 10,000 Baby Boomers retiring every day, there are no Social Security surpluses. Entitlement spending is now outstripping cash inflows, which is making total government deficits yawn much larger. It's part of why it is unfair to blame Obama for the size of our deficits. They are not all his fault, because there are structural things in place like the Bush tax cuts and the Entitlement spending that is outstripping inflows that is making it so large. Our government has not has a single year in the last 30 when total government revenues exceeded total government expenditures. That is a verifiable fact. And believe me, I have verified that. I was a CPA in a past life, so this isn't an area that I'm speculating in.