13 October 2014

The Smoke And Mirrors Of the Clinton Surplus


I am sick unto death hearing about the “Clinton surplus.” It was a *M*Y*T*H* - created by smoke and mirrors, accounting tricks that would get you and me thrown in prison with lengthy sentences, and out-and-out LIES by the MSM, which have persisted to this day. It's time to expose those lies. ~ Hunter

Clinton ran deficits through both of his terms, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clinton's presidency.

Every year Clinton was in office, the total national debt continued to climb.

Clinton managed to claim a surplus even as the general operating budgets ran deficits, Clinton borrowed from numerous “trust funds” to cover said deficits.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others

A true surplus will decrease the national debt, which only INCREASED during the Clinton administration.
http://www.craigsteiner.us/articles/16
http://www.craigsteiner.us/articles/30
http://www.treasurydirect.gov/NP/BPDLogin?application=np

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