National Debt/Surplus? - The Firearms Forum

Slimslam · 12-21-2004, 01:30 PM

Left-wingers argue that while President, Bill Clinton reduced the national debt and actually created a surplus in the general fund, whereas, Bush has spent the surplus into oblivion resulting in record deficits. I can't imagine that this country has ever had a surplus of funds during the past 30 years. Can anyone explain the truth or recommend an objective source to find out? Thanks
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IShootBack · 12-21-2004, 04:25 PM

A guy named Mike Savage has a good book that may help titled "The Savage Nation".

I read through parts of it and found his answers logical and without exaggeration.

My$.02

Marlin · 12-21-2004, 06:09 PM

It's a superb book. All should read it.

pickenup · 12-21-2004, 08:12 PM

I have looked for that info too. And I may be wrong, and will stand corrected if facts are given. But the best I could come up with was that the “surplus” that they are talking about with Clinton, was only a “PROJECTED” surplus on PAPER. IF we did this, and IF we did that, THEN in ??? YEARS we would have been out of debt. It never actually came down to HAVING a surplus.

Of course Bush has shot all hopes of that happening
(In our children’s life time) all to....ah....heck.

Carl S · 12-23-2004, 08:42 PM

Quote:

Originally Posted by pickenup

I have looked for that info too. And I may be wrong, and will stand corrected if facts are given. But the best I could come up with was that the “surplus” that they are talking about with Clinton, was only a “PROJECTED” surplus on PAPER. IF we did this, and IF we did that, THEN in ??? YEARS we would have been out of debt. It never actually came down to HAVING a surplus.

Of course Bush has shot all hopes of that happening
(In our children’s life time) all to....ah....heck.

You are absolutely correct. There was no surplus money "in the bank"; it was all projected on paper. The Clinton administration engaged in deficit spending also. A true surplus is taking in more revenue that we spend. That has not happened in many. many years under any administration.

12-21-2004, 01:30 PM	#1
Slimslam V.I.P. Member Join Date: Dec 2002 Location: SE Michigan Posts: 124	National Debt/Surplus? Left-wingers argue that while President, Bill Clinton reduced the national debt and actually created a surplus in the general fund, whereas, Bush has spent the surplus into oblivion resulting in record deficits. I can't imagine that this country has ever had a surplus of funds during the past 30 years. Can anyone explain the truth or recommend an objective source to find out? Thanks ss __________________ All Rights Reserved c. 1791 -->

12-21-2004, 04:25 PM	#2
IShootBack Advanced Senior Member Join Date: Sep 2002 Location: Virginia Posts: 2,306	Re: National Debt/Surplus? A guy named Mike Savage has a good book that may help titled "The Savage Nation". I read through parts of it and found his answers logical and without exaggeration. My$.02 __________________ "The Lord is a warrior, the Lord is his name." Exodus15:3 Last edited by IShootBack; 01-19-2013 at 06:41 AM..

12-21-2004, 06:09 PM	#3
Marlin TFF Admin Staff Chief Counselor Join Date: Mar 2003 Location: At SouthernMoss' side forever! Contributor Posts: 13,853	Re: National Debt/Surplus? It's a superb book. All should read it. __________________ *The flag represents a living country and is itself considered a living thing.* *The only criminal class native to the United States is Congress.*

12-21-2004, 08:12 PM	#4
pickenup Advanced Senior Member Join Date: Sep 2002 Location: Colorado Rocky Mountains Posts: 6,837	Re: National Debt/Surplus? I have looked for that info too. And I may be wrong, and will stand corrected if facts are given. But the best I could come up with was that the “surplus” that they are talking about with Clinton, was only a “PROJECTED” surplus on PAPER. IF we did this, and IF we did that, THEN in ??? YEARS we would have been out of debt. It never actually came down to HAVING a surplus. Of course Bush has shot all hopes of that happening (In our children’s life time) all to....ah....heck. __________________ The gene pool needs chlorine