In article <TcidnS2dl9EPzrzVnZ2dnUVZ_oWdnZ2d@[EMAIL PROTECTED]
>,
dilbert firestorm <scanb31@[EMAIL PROTECTED]
> wrote:
> Magnus, Robot Fighter wrote:
>
> > Didn't Clinton balance the budget...then Bush gave away the surplus to
> > the American public? Just asking...been awhile...
>
> the budget balance thing was bogus.
Only to dittoheads.
The federal budget is balanced when revenues either equal or exceed
expenditures. In fiscal years 1998, 1999, 2000 and 2001, revenues
exceeded expenditures, so the budget was balanced. And all of those
budgets were proposed by Clinton.
See Table 1.1, Summary of Receipts, Outlays, and Surpluses or Deficits:
17892012, "The Budget for Fiscal Year 2008, Historical Tables," p. 22.
(Note: the federal fiscal year begins on Oct. 1 qnd ends Sept. 30. So
FY2001 began Oct. 1, 2000 and ended Sept. 30, 2001. As such, it was
Clinton's last budget.)
--
D.F. Manno | dfmanno@[EMAIL PROTECTED]
"As societies grow decadent, the language grows decadent, too. Words
are used to disguise, not to illuminate, action: you liberate a city by
destroying it. Words are to confuse, so that at election time people
will solemnly vote against their own interests." (Gore Vidal)
|
