BA> DD>> Who was the last president to balance the budget? Wasn't a
BA> DD>> member of the elephant party.

BA> DD>> ENJOY!!!

BA> JB> If you are referring to The Clinton, it was Congress, led by
BA> JB> John  Kasich, who drove down spending.  However, even though the
BA> JB> budget was  balanced, the debt went up.  So while we may call
BA> JB> that an improvement,  over the long run it is a accounting
BA> JB> gimmic.

BA>If the debt went up - and it did, in each of Clinton's eight years in
BA>office - then expenses exceeded revenues, which is an imbalance
BA>The *budget* may have been balanced, but neither the administration
BA>nor congress followed it.

BA>For years the congress has passed a budget and (theoretically)
BA>properly funded its planned expenditures.  Then the congress passes
BA>dozens if not hundreds of supplemental spending bills that have no
BA>corresponding sources of revenues.  And the debt goes up...

Indeed.  The best example for the average person to understand is as 
follows.  Suppose my household budget for a year is $50k and for a given 
year I spend less than $50k.  However, in that same year I buy a new car 
for $35k, run up $15k in credit card debt and then take out a 2nd 
mortgage on my house for another $50k.  I could easily do all of that 
within my $59k budget but I now have $100k in new debt.


Jeff 

CMPQwk 1.42-21 9999 
Democrats --  The party responsible for the housing meltdown ....

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