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Old 10-27-2004, 06:38 PM   #43 (permalink)
onetime2
Junkie
 
Location: NJ
Not in the mood to do the checks but the numbers you posted appear wrong. First and foremost, why are 2003 numbers projected? Second, the numbers I have recently seen regarding the deficit in 2004 were closer to the $400 million level rather than $700+. And third, the money coming into US coffers during the Clinton Presidency was unprecedented. We were seeing an economy growing at something on the order of 5% per year over nearly a decade. We are not likely to see sustained growth at that level with few negative effects (low inflation, interest rates, etc) very often. To use that period as the underpinning of any thoughts around how fiscally responsible Clinton AND Congress were is flawed. The money was coming in faster than even Congress could spend it.
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