DiamondDave
Army Vet
As far as the federal budget was concerned, we went from surplus to deficit with dizzying speed due to cutting taxes on the richest and fighting two wars without budgeting for them.
And your thread is titled What to cut: the Federal Budget.
We had no surplus.. and this has been shown time and time and time and time and time and time again.... You little wingers on the uber-left like to leave out a little something called intergovernmental spending
We did have a budget surplus, which has been shown time and time again...under the laws that exist on the books and under the laws we have operated under since Johnson and then Reagan..
But Yes, I agree it was a Social security surplus that got our budget to appear as though it was inline.
the reason we show money being added to the national debt during that period, is because President clinton took the social security surpluses and paid down the public debt with them, paid down the debt we owed other countries....so our debt moved columns from what we owed to foreigners, to what we owed ourselves, (social security), is my understanding of it.
And you do realize that President Bush, did uses $2.0 trillion dollars of social security surplus monies to help balance his budget and show less yearly budget deficits as well, right?
I can say I am in the black as well... look.. I brought in 200K and only spent 190K.... but when I neglect to tell you that part of that 200K was what I borrowed from mom, it paints the full picture, now don't it...
There was no surplus, unless you like to perpetuate the myth by leaving out the intergovernmental spending
I do not defend Bush's governmental spending policies.. never had