View Single Post
  #38   Report Post  
Posted to rec.crafts.metalworking
Gunner Asch[_2_] Gunner Asch[_2_] is offline
external usenet poster
 
Posts: 638
Default Soul Searching....

On Sun, 14 Oct 2007 04:33:49 -0400, "Ed Huntress"
wrote:

Regarding your sleight of hand about the paydown of the national debt during
Clinton's administration: From what I can tell, you're saying that the
year-over-year debt reductions weren't real, because the 5- and 15-year
projections were wrong. Is that about it, or did I lose track of the pea
while you were shuffling the shells around?

--
Ed Huntress


Clintons "balanced budget" was the result of "projected revenues" that
if they had actually materialized..would have balanced the budget in 5
yrs.

However..those revenues DID NOT materialize, we were sliding into a
recession, we had the DotCom bubble implosion (thankyouforbothBubba)
and revenues started drying up.

So there was NO balanced budget. That was like me saying Ive paid
off all my bills because next year I hope to have made enough money to
do so.

Gunner