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After Republicans reacted so negatively to The Clinton Surplus, what is the incentive to balance the Budget?

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After Republicans reacted so negatively to The Clinton Surplus, what is the incentive to balance the Budget?

Postby stefano » Tue Apr 23, 2013 4:09 pm

Keeping them as far away from Americas checkbook as possible. They haven't learned anything did you see how they have been spending the RNC contributions as if they were spoiled trust fund babies. Maybe they are spoiled trust fund babies and this is natural.
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After Republicans reacted so negatively to The Clinton Surplus, what is the incentive to balance the Budget?

Postby edmund » Tue Apr 23, 2013 4:16 pm

I dont know either right now but sending 30 Billion a MONTH for Wars we shouldnt be in would give our Treasury 1.2 Trillion in 10 years.
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After Republicans reacted so negatively to The Clinton Surplus, what is the incentive to balance the Budget?

Postby garadin » Tue Apr 23, 2013 4:26 pm

The incentive is to start lowering the debt or else we are in serious trouble. Liberals will run out of people to tax and then where will the money for your pork projects come from?
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After Republicans reacted so negatively to The Clinton Surplus, what is the incentive to balance the Budget?

Postby devery » Tue Apr 23, 2013 4:36 pm

Firstly, there was no Clinton surplus - in order to have a surplus, the national debt (public debt + intragov't debt) must decrease. The last time there was budget in surplus was during Eisenhower's presidency. During Clinton's presidency, the Social Security surpluses were used to reduce the "public debt" - to buy the US gov't debt as required by law; the "intragov't debt", from SS, consequently increased, with the net effect aggregate deficit.

Clinton's so-called surplus "excludes" intragov't purchases made with the SS surpluses.

Needlessly to say, fiscal conservatives weren't happy about the accounting trick to deceive the public that gov't spends less than it collects.
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