The Mudcat Café TM
Thread #73670 Message #1284241
Posted By: GUEST,Old Guy
29-Sep-04 - 03:08 PM
Thread Name: BS: Kerry is an arrogant asshole
Subject: RE: BS: Kerry is an arrogant asshole
"budget balanced for the first time since the Depression, I believe."
You believe wrong. The forecast budget surplus was only on paper. If the good financial times of 1999 had continued we would indeed have had a balanced budget. However that was a bubble spearheaded by the Internet bubble. The financial downturn that "Clinton allowed to happen" began in the spring of 2000 and wiped out any anticipated budget surplus.