If I recall correctly, the budget surplus never really existed. It was a
projected
surplus, based on the economy as it was until near the end of the Clinton
years. While Congress was arguing about how to spend all this surplus
money, the world changed and the surplus disappeared. It had nothing to do
with war. 9/11 hadn't happened yet. It had a lot to do with how the
economy has changed due to changes in world trade that we have witnessed.
Tom Hula

----- Original Message -----
From: "Greg Stigers" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Friday, October 15, 2004 4:18 AM
Subject: Re: [HP3000-L] Bush admin takes emergency steps to avoiddebtceiling


> Michael Baier quoted:
>> Democrats pounced on the news as evidence of fiscal mismanagement by
>> the administration
> Was it Andrew Jackson who realized that our ability to borrow money during
> time of war was an American asset?
>
>> In the year before Bush came to office, his predecessor Bill Clinton
>> produced a 236-billion-dollar annual budget surplus.
> Is the problem with this statement obvious enough?
>
> Greg Stigers
>
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