Originally Posted by 2bikemike
I don't believ Clinton ever had a surplus. It was all smoke and mirrors as well.
All politicians cheat lie and mislead. Here is a long article on the myth of the Clinton surplus and accounting trickery they all use.
Story is just incorrect. Not even debatable. Here's one of the comments after the article. Pasting it saves me the time of saying the same thing:
"I regret to say that this article is complete nonsense. Despite Mr. Steiner's frantic assertions to the contrary, internal government debt is merely a bookeeping device irrelevant to the net deficit or surplus position of the federal government. All that matters for the deficit or surplus is movement in publicly held debt, which is determined by whether receipts are smaller or larger than outlays. There was a surplus in the 4 years 1998-2001. See Table B-78, Economic Report of the President, 2002. Space constraints prevent further elaboration. Note to the crazies: I am a Republican and a conservative. However, I also am a professional economist. In the latter capacity, I must be honest and report the facts. Mr. Steiner is flatly wrong. "