Why Is It So Hard For Republicans To Realize?

[Soggy in NOLA]

If there was no surplus, then where did those $300 George Bush checks come from?

Thin air.. just like the stimulus.

 

[Wry Catcher]

Got that folks......... higher taxes mean surpluses.........lol

http://www.google.com/url?sa=t&rct=...gLAxQE&usg=AFQjCNGeXGnDP31MjM5RvWoRhkqkom4_wQ

 

[Soggy in NOLA]

The Myth of the Clinton Surplus

Here's your mythical Clinton surplus...

 

[Wry Catcher]

If you want to credit someone for the clinton era "surplus" then credit Newt for having the ballls to shut down the govt until Bubba agreed to balance the budget.

Please read:

http://bancroft.berkeley.edu/ROHO/projects/debt/1993reconciliationact.html

BTW, see: "From November 14 through November 19, 1995 and from December 16, 1995 to January 6, 1996 the U.S. government was shut down as a result of a budgetary impasse between Congress and the White House. The shutdown was precipitated by a dispute between Democratic President Bill Clinton and Republican Speaker of the House Newt Gingrich over domestic spending cuts in the fiscal year 1996 budget and resulted in a bipartisan agreement to balance the budget in seven years' time."

http://bancroft.berkeley.edu/ROHO/projects/debt/governmentshutdown.html

Gee, who was president in "seven years time"

 

[Bigfoot]

Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration.

The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998, FY1999, and FY2000--though, interestingly, $360 billion is not the sum of the alleged surpluses of the three years in question ($69B + $123B + $230B = $422B, not $360B).

While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.

Verifying this is as simple as accessing the U.S. Treasury (see note about this link below) website where the national debt is updated daily and a history of the debt since January 1993 can be obtained. Considering the government's fiscal year ends on the last day of September each year, and considering Clinton's budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here's the national debt at the end of each year of Clinton Budgets:

The Myth of the Clinton Surplus

 

[Wry Catcher]

Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration.

The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998, FY1999, and FY2000--though, interestingly, $360 billion is not the sum of the alleged surpluses of the three years in question ($69B + $123B + $230B = $422B, not $360B).

While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.

Verifying this is as simple as accessing the U.S. Treasury (see note about this link below) website where the national debt is updated daily and a history of the debt since January 1993 can be obtained. Considering the government's fiscal year ends on the last day of September each year, and considering Clinton's budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here's the national debt at the end of each year of Clinton Budgets:

The Myth of the Clinton Surplus

Gee, I bet you could find an opinion by the flat earth society that our planet really is flat.

 

[Bigfoot]

Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration.

The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998, FY1999, and FY2000--though, interestingly, $360 billion is not the sum of the alleged surpluses of the three years in question ($69B + $123B + $230B = $422B, not $360B).

While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.

Verifying this is as simple as accessing the U.S. Treasury (see note about this link below) website where the national debt is updated daily and a history of the debt since January 1993 can be obtained. Considering the government's fiscal year ends on the last day of September each year, and considering Clinton's budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here's the national debt at the end of each year of Clinton Budgets:

The Myth of the Clinton Surplus

Gee, I bet you could find an opinion by the flat earth society that our planet really is flat.

If you don't like that link, no worries mate, there are thousands of them!

 

[Wry Catcher]

The Myth of the Clinton Surplus

Gee, I bet you could find an opinion by the flat earth society that our planet really is flat.

If you don't like that link, no worries mate, there are thousands of them!

Post a couple of hundred than.

 

[Cammmpbell]

Got that folks......... higher taxes mean surpluses.........lol

Beats hell out of lower taxes and massive debt. Reagan and the Bushes are why I left the Republican party(actually they left me) in the eighties and nineties. The party used to stand for balanced budgets, small government and individual rights. Now they are in the pockets of corporations and the wealthy. That's why they've lost four of the last six presidential elections. Keep your eyes open.....it's gonna get worse.