Quote:
Originally posted by GeekyPenguin
I hear there was this guy who was president from 1992-2000 or so. What was his name again? He did something with some sort of surplus.
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Yes, after the Republicans got control of Congress in 1994 for the first time in about 40 years, tax cuts led to more federal income (as expected always), some limits on spending, and a balanced budget.
Clinton, of course, took all credit for this, and my friends in the media wing of the Democratic Party (also known as the willing accomplises) piled on the praises.
In actuallity, though, the real figures show that the deficit increased in real dollars every year from 1992 thru 2000 - and unfortunately continue thru 2005.