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| subject: | FORGETTING |
Replying to a message of Jeff Binkley to Dave Drum: DD>> Who was the last president to balance the budget? Wasn't a member of DD>> the elephant party. DD>> ENJOY!!! JB> If you are referring to The Clinton, it was Congress, led by John JB> Kasich, who drove down spending. However, even though the budget was JB> balanced, the debt went up. So while we may call that an JB> improvement, over the long run it is a accounting gimmic. If the debt went up - and it did, in each of Clinton's eight years in office - then expenses exceeded revenues, which is an imbalance The *budget* may have been balanced, but neither the administration nor congress followed it. For years the congress has passed a budget and (theoretically) properly funded its planned expenditures. Then the congress passes dozens if not hundreds of supplemental spending bills that have no corresponding sources of revenues. And the debt goes up... --- FleetStreet 1.19+* Origin: Bob's Boneyard, Emerson, Iowa (1:300/3) SEEN-BY: 3/0 633/267 640/954 712/0 313 620 848 @PATH: 300/3 116/901 3634/12 123/500 261/38 712/848 633/267 |
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