Quote:
Originally Posted by Winterbeard
Clinton had the largest budget surplus and debt pay down in history, but since then, it's been debt, debt, debt.
Republicans only care when Democrats are spending and Democrats only care when Republicans are spending.
|
Clinton never paid down debt, and he didn't really have a surplus as he SPENT the surplus
the problem is that while Clinton/Newt had a PROJECTED budget
surplus..they spent it, and more...… a spent
surplus is a deficit/debt
here is the 4 years that they claim had a
surplus
Fiscal
Year........ YearEnding.... ..National Debt........ACTUAL 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
source: US Treasury
https://treasurydirect.gov/NP/debt/current
the national debt rose EVERY YEAR of those PROJECTED surpluses...had their been REAL surpluses, the national debt would have gone down
sorry not a
surplus
a budget is a projection.. an estimate
you know you estimated take home is 60k
you budget a 55k worth of spending/bills
you budget a
surplus of 5k
then you end up spending 65k due to emergencies, etc
your 5k
surplus just turned into a 5 k deficit
that is accounting 101
if Clinton/Newt actually has a
surplus, then the debt would have gone down..the interest of the debt IS IN the budget
are you saying a budget WRITTEN IN ADVANCE is the gospel, and NOTHING is EVER spent/saved outside of that written estimate.... if so you need to go back to school
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
so endeth the myth of the Clinton
surplus
a spent projected
surplus is not a
surplus