cnn.com— President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year.
Jul 28, 2008View in Crawl 4
I love how the Bush administration is still trying to blame Clinton for their fiduciary failings while emphasizing that it is the slow economy and stimulus package and NOT the unnecessary Iraq war that is to blame.Typical pseudo-conservatives.
The plan when Bush took office, as told by Federal Reserve chairman Alan Greenspan in 2001, was that we could pay of the entire federal debt by 2012, or even by the end of this decade.<a class="user" href="http://news.bbc.co.uk/1/hi/business/1136679.stm">http://news.bbc.co.uk/1/hi/business/1136679.stm</a>"In making his comments, Mr Greenspan noted a recent budget revision by the outgoing Clinton administration showed surpluses growing at a greater-than-expected rate... It is a rate, he explained, that seemed unlikely just a year ago and would allow the US to pay off its national debt before the end of the decade rather than the previously stated 2012."
This is a perfect example of slanted journalism:Here are the numbers from the US TreasuryYear Year Ending National Debt Deficit FY1993 09/30/1993 $4.411488 trillion FY1994 09/30/1994 $4.692749 trillion $281.26 billion FY1995 09/29/1995 $4.973982 trillion $281.23 billion FY1996 09/30/1996 $5.224810 trillion $250.83 billion FY1997 09/30/1997 $5.413146 trillion $188.34 billion FY1998 09/30/1998 $5.526193 trillion $113.05 billion FY1999 09/30/1999 $5.656270 trillion $130.08 billion FY2000 09/29/2000 $5.674178 trillion $17.91 billion FY2001 09/28/2001 $5.807463 trillion $133.29 billion Yes...the budget was almost balanced, but it never was positive. And the budget proposed for 2001 was negative again. Still...Bush has not been fiscally conservative. But the facts should speak for themselves without tainted untruthful journalism.
projectgsxJul 28, 2008
Go Bush! WOOT!
mrswirlJul 28, 2008
I love how the Bush administration is still trying to blame Clinton for their fiduciary failings while emphasizing that it is the slow economy and stimulus package and NOT the unnecessary Iraq war that is to blame.Typical pseudo-conservatives.
anon748296Jul 28, 2008
The plan when Bush took office, as told by Federal Reserve chairman Alan Greenspan in 2001, was that we could pay of the entire federal debt by 2012, or even by the end of this decade.<a class="user" href="http://news.bbc.co.uk/1/hi/business/1136679.stm">http://news.bbc.co.uk/1/hi/business/1136679.stm</a>"In making his comments, Mr Greenspan noted a recent budget revision by the outgoing Clinton administration showed surpluses growing at a greater-than-expected rate... It is a rate, he explained, that seemed unlikely just a year ago and would allow the US to pay off its national debt before the end of the decade rather than the previously stated 2012."
phydeaux70Jul 28, 2008
This is a perfect example of slanted journalism:Here are the numbers from the US TreasuryYear Year Ending National Debt Deficit FY1993 09/30/1993 $4.411488 trillion FY1994 09/30/1994 $4.692749 trillion $281.26 billion FY1995 09/29/1995 $4.973982 trillion $281.23 billion FY1996 09/30/1996 $5.224810 trillion $250.83 billion FY1997 09/30/1997 $5.413146 trillion $188.34 billion FY1998 09/30/1998 $5.526193 trillion $113.05 billion FY1999 09/30/1999 $5.656270 trillion $130.08 billion FY2000 09/29/2000 $5.674178 trillion $17.91 billion FY2001 09/28/2001 $5.807463 trillion $133.29 billion Yes...the budget was almost balanced, but it never was positive. And the budget proposed for 2001 was negative again. Still...Bush has not been fiscally conservative. But the facts should speak for themselves without tainted untruthful journalism.
Closed AccountJul 28, 2008
Prophetic Headlines from The Onion in 2001: 'Our Long National Nightmare Of Peace And Prosperity Is Finally Over'<a class="user" href="http://www.theonion.com/content/node/28784">http://www.theonion.com/content/node/28784</a>