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| subject: | Budget balance |
On 05-13-10, DAVE DRUM said to TIM RICHARDSON: -=> TIM RICHARDSON wrote to ROSS SAUER <=- TR> "The budget should be balanced, the treasury should be refilled, public TR> debt should be reduced, the arrogance of public officials should be TR> tempered and controlled, and the assistance to foreign lands should be TR> curtailed...... People must again learn to work, instead of living on TR> public assistance." DD>Who was the last president to balance the budget??? Wasn't it that well DD>known darling of the "left" and notorious philanderer, William Jefferson DD>"Slick Willy" Clinton? No....it wasn't. DD>Who was the last president actually to apply budgetary surplus to paying DD>down the deficit/debt? See above. He did no such thing. Thats a load of crap. When Clinton took office there `wasn't' any deficit, and the National Debt stood at about 4.4 trillion. Clinton ran a deficit up to $281.26 billion. When he left the White House, he left behind a deficit of 133.9 billion. *Surplus*? He didn't have any *surplus* with the debt standing at $5.8 trillion when he left office. He started without any deficit, and managed to run the national debt up by about $1.4 trillion, and left a deficit of $133.29 billion! By the way....the money Clinton *claimed* was a `surplus' was borrowed! Thats like borrowing $10,000 from a bank, then going home and telling your wife you have a $10,000 surplus, without bothering to inform her there are monthly payments involved with that so-called *surplus*! If they imposed the same penalties on congress critters and presidents for the way they run our national money, as they impose on people that `gerrymander' the numbers in their bank accounts, most ex-presidents and a lot of congress people would be in prison right along with Maddoff! --- *Durango b301 #PE** Origin: Doc's Place BBS Fido Since 1991 docsplace.tzo.com (1:123/140) SEEN-BY: 3/0 633/267 640/954 712/0 313 848 @PATH: 123/140 500 261/38 712/848 633/267 |
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