Monday, October 03, 2011

Time for Some Truth: Bill Clinton NEVER Balanced A Budget And NEVER Ran A Surplus

» Time for Some Truth: Bill Clinton NEVER Balanced A Budget And NEVER Ran A Surplus - Big Government
Despite what you may hear from Democrats on the campaign trail, there were no giant surpluses that Bush squandered (Bush did overspend, but there was no surplus to squander).
The myth of Clinton balancing the budget and producing surpluses belongs with unicorns and and elves, in the realm of myths.
The last president to preside over a balanced budget/surplus was Dwight Eisenhower, whose government saw surpluses of approximately $2 billion dollars in 1956 and 57.
Neither Bill Clinton nor any Republicans deserve any credit for balancing the budget in the 1990s, because the budget was never balanced.

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