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Surplus of the Clinton Years

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ViennaSausage Posted: Thu, Jun 12 2008 11:30 AM

Was there really a surplus?  Or were the numbers cooked?

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fsk replied on Thu, Jun 12 2008 11:47 AM

There actually really was a surplus.

The amount of private debt substantially increased while Clinton was President, allowing a surplus.  Further, a lot of dollars flowed to the former Soviet-bloc countries, helping a surplus.

 

I have my own blog at FSK's Guide to Reality. Let me know if you like it.

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Andrew replied on Thu, Jun 12 2008 3:42 PM

He raided the SS trust fund

Democracy is nothing more than replacing bullets with ballots

 

If Pro is the opposite of Con. What is the opposite of Progress?

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Solredime replied on Thu, Jun 12 2008 3:52 PM

There was no surplus. The numbers were fudged, because the budget only mentions future liabilities as an addendum to the budget report. Just like today there is an actualy debt of 60+ trillion with all the obligations, likewise the debt during the clinton presidency grew, just rather than current debt, it was future obligations in the form of social security.

 Conveniently, these numbers aren't mentioned...

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Are you saying that Clinton basically took out bunch of loans or that he took money out of social security?

 

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Solredime replied on Sat, Jun 14 2008 6:40 PM

Not necessarily, I just know that during clinton's rule, budget deficits on future liabilities increased. This doesn't necessarily mean he made new promises on pentions, etc. merely that the previous promises were racking up.

 

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