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Independence, MO —
To the editor:
Congress, the administration and reporters are currently saying that the President Clinton Administration left a $360 billion surplus. This is not true; it’s a myth, it did not happen. There was no money.
There are two budgets that make up the federal budget. The public budget (a surplus), and the intergovernmental budget, (a deficit). When these two budgets are added together it is the federal budget. The Clinton federal budget resulted in a deficit and an increase in the national debt. This happened in all eight years of the Clinton presidency.
The U.S. Treasury reported that during the Clinton years, 1993-2001, billions of dollars of deficits happened each year. This increase in deficits resulted in an increase in the national debt from $4.412 trillion to $ 5.807 trillion.
As the saying goes, “Figures don’t lie, but liars figure.”
To the editor:
Congress, the administration and reporters are currently saying that the President Clinton Administration left a $360 billion surplus. This is not true; it’s a myth, it did not happen. There was no money.
There are two budgets that make up the federal budget. The public budget (a surplus), and the intergovernmental budget, (a deficit). When these two budgets are added together it is the federal budget. The Clinton federal budget resulted in a deficit and an increase in the national debt. This happened in all eight years of the Clinton presidency.
The U.S. Treasury reported that during the Clinton years, 1993-2001, billions of dollars of deficits happened each year. This increase in deficits resulted in an increase in the national debt from $4.412 trillion to $ 5.807 trillion.
As the saying goes, “Figures don’t lie, but liars figure.”
