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The Clinton Surplus Myth

jdietz Wrote: Aug 15, 2012 10:16 PM

new SEC rules allowing Mark To marked accounting, among others, giving 20% interest on NOTHING of value and getting everyone all impressed...... yes it corrected at a huge loss,..... but it was fun for them predicting.. Some even say it was Clintons TAX increases that caused the "projected" surplus ! LOLO

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The Clinton Surplus Myth

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...

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