Quote:
Originally Posted by Seacove
Funny. Bill Clinton left Bush a huge budget surplus .
|
the simple FACT is clinton never had a real surplus...
the FACT is that the clinton/newt budgets had a PROJECTED BUDGET surplus..for "on-budget"...but the "off-budget" spending brought a DEFICIT
an example that even you could follow:
you earn (after taxes) 60k...you BUDGET 58k..you have a PROJECTED SURPLUS of 2k.....during the year your transmission on your car goes...1k...your washer/dryer bust...2k..and you DECIDE to buy a bigscreen ty...2k.....you have now gone from a 2k PROJECTED surplus to a 3k DEFICIT
the simple FACT is clinton never had a real surplus...
Fiscal
Year........ YearEnding.... ..National Debt.......... Deficit
FY1994.... 09/30/1994.... $4.192749 trillion.... $281.26 billion
FY1995.... 09/29/1995.... $4.973982 trillion.... $281.23 billion
FY1996.... 09/30/1996.... $5.224810 trillion.... $250.83 billion
FY1997.... 09/30/1997.... $5.413146 trillion.... $188.34 billion
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.... $5.870463 trillion.... $133.29 billion
so here is the question
IF there was a surplus.for 2-3-4 years...........why did the DEBT go from 3.9 trillion to 5.87 trillion????????????????????????
the NATIONAL DEBT never decreased
you have to remember OFF BUDGET spending is not SHOWN on the budget...like all the floods that happen in the midwest...or the money to haiti and pakistan.......all OFF BUDGET