Quote:
Originally Posted by jimmy-3-way
Clinton left office with a balanced budget, get your fucking facts straight.
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That's a widely held misconception amongst people who get their news from a certain comedian.
A real source such as the treasury department will show you what really happened.
In fact Clinton's last budget borrowed $200 billion from social security to spend elsewhere.
In none of Clinton's budgets was there a balance. That particular comedian claims
a balance by ignoring the $200 billion borrowed from the social security trust fund and spent on other things.
In fact, the national debt increased every year under Clinton.
By his logic, if I earn $100,000 and spent $125,000, I'm balanced as long as I borrow the $25,000 on a credit card.
For real numbers, rather than Comedy Central numbers, see the treasury:
http://www.treasurydirect.gov/NP/BPD...application=np
Note that the federal fiscal year starts in October, so Clinton's last budget (FY2001) ended 9/2001.
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