On Wed, 30 Jun 2004 18:09:39 GMT, "Wolfie" wrote
this crap:


If it's all used to pay off existing public debt (Savings Bonds,
T-Bills, whatever), the *public* part of the debt would go
down by $200B *AND* the total debt would decline by
the same $200B. What actually happens, though, is the
government retires some public debt and invests the
rest by buying GAS securities, something like this:

[voodoo accounting deleted]

The government still ran a surplus and paid off debt.
It's no secret *future* government obligations continue
to rise -- and will as long as SS takes in more money
than it pays out.


Keep spinning all you want, but you can't change the facts.

Every year that Clinton was in office we owed more money.

Expenditures exceeded income. Period.

Don't try to cover it up with government bonds, interest on the debt,
or any magical accounting. There was no surplus.






Pathetic Earthlings! No one can save you now!