Horvath wrote:

The budget HAS to be balanced every
year. If there's not enough, we increase the debt.

Right.

Clinton borrowed more money than he needed, balanced the budget, and
called the left over money a "surplus."

That's just nonsense. Clinton's last few budgets collected more
in taxes than the federal government spent, cutting the publicly
held portion of the federal debt. Meanwhile Social Security
(to name one) were buying federal securities because they were
collecting more money than they were spending as well, adding
to the overall debt by adding to the intergovernmental holdings.

On Tue, 29 Jun 2004 13:02:21 GMT, "Wolfie" wrote
this crap:

Horvath wrote:

The budget HAS to be balanced every
year. If there's not enough, we increase the debt.

Right.

Clinton borrowed more money than he needed, balanced the budget, and
called the left over money a "surplus."

That's just nonsense. Clinton's last few budgets collected more
in taxes than the federal government spent, cutting the publicly
held portion of the federal debt. Meanwhile Social Security
(to name one) were buying federal securities because they were
collecting more money than they were spending as well, adding
to the overall debt by adding to the intergovernmental holdings.


That's your story. I just showed the facts.






Pathetic Earthlings! No one can save you now!

You just did.

--
"j" ganz @@
www.sailnow.com

"Horvath" wrote in message
...
On Tue, 29 Jun 2004 13:02:21 GMT, "Wolfie" wrote
this crap:

Horvath wrote:

The budget HAS to be balanced every
year. If there's not enough, we increase the debt.

Right.

Clinton borrowed more money than he needed, balanced the budget, and
called the left over money a "surplus."

That's just nonsense. Clinton's last few budgets collected more
in taxes than the federal government spent, cutting the publicly
held portion of the federal debt. Meanwhile Social Security
(to name one) were buying federal securities because they were
collecting more money than they were spending as well, adding
to the overall debt by adding to the intergovernmental holdings.


That's your story. I just showed the fags.






Pathetic Earthlings! No one can save you now!

Horvath wrote:
That's your story. I just showed the facts.

You showed a subset of the facts without understanding
them, yes. Any idea that Clinton could borrow money
to show a running surplus when only the Republican-led
Congress could appropriate money isn't factual in any
non-delusional reality...

On Wed, 30 Jun 2004 03:42:45 GMT, "Wolfie" wrote
this crap:

Horvath wrote:
That's your story. I just showed the facts.

You showed a subset of the facts without understanding
them, yes. Any idea that Clinton could borrow money
to show a running surplus when only the Republican-led
Congress could appropriate money isn't factual in any
non-delusional reality...


That's your story. I'm just pointing out the facts.





Pathetic Earthlings! No one can save you now!