Quote:
Originally Posted by GotHereQuickAsICould
I know. I burst right out laughing when I read that.
The last Republican president to leave the nation in better economic shape then he found it was Eisenhower.
Every Democratic president since then has left the nation in the same or better shape. Clinton even ran a surplus for several years and handed a srplus budget to Bush.
The states in the worst economic shape tend to be the ones run by Republicans.
This thread is comparing Wisconsin and Minnesota. Why is it that one state is running a $1.6 billion surplus while the one next door is running a $1.6 billion deficit?
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Clinton did NOT have a surplus
its not a surplus when you SPEND IT
false...Clinton/newt never had an actually surplus...... a spent surplus is a deficit
Clinton/newt never had any surpluses.....they had PROJECTED surpluses...but the country SPENT the surpluses...if you project a surplus, then spend more than that surplus... you have a deficit
budgets are best guesses...projections
ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 3 trillion...a 1 trillion PROJECTED deficit
or you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 2 trillion...a PROJECTED balanced budget
ie you can say we EXPECT/PROJECT the revenue to be 2.1 trillion and EXPECT the spending to be 1.9 trillion...a 200 billion PROJECTED surplus
and the end of the year all the pluses and minuses are counted.... you can have
ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and the spending to be 3 trillion...a 1 trillion PROJECTED deficit...but revenue rose to 2.2 trillion and we only spent 2.8 trillion...still a deficit but instead of a 1 trillion deficit, now its a 600 billion deficit
you can project a surplus..and have emergencies show up (ie the Mississippi valley flooding...911... etc) and completely blow the surplus to where it becomes a deficit
sorry, but the PROJECTED surpluses of clinton/newt never happened...the debt never got paid, and the debt infact INCREASED
the simple fact is if there had been a surplus, then the debt would have gone down...it didn't
was the BUDGET balanced.....yes
was there a PROJECTED SURPLUS.....yes
was there an actual surplus , once all in's and out's were counted.....NO
here is the 4 years that they claim had a surplus
Fiscal
Year........ YearEnding.... ..National Debt........Annual budget Deficit
FY1998..... 09/30/1998.... $5.526193 trillion...... $113.05 billion
FY1999..... 09/30/1999.... $5.656270 trillion...... $130.08 billion
FY2000..... 09/29/2000.... $5.674178 trillion...... $17.91 billion
FY2001..... 09/28/2001.... $5.877463 trillion...... $133.29 billion
so endeth the myth of the Clinton surplus
a spent projected surplus is not a surplus
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