In article , CJT
wrote:


We had a surplus under Clinton.

Not really. Clinton was the beneficiary of the outcome of a
long-standing accounting fraud, one he inherited in all fairness. It was
all SS "Surplus", but the SS "surplus" is all money that goes
immediately, by law, into bonds that are non-marketable. So only in
Washington can a long-term liability (those bonds have to paid off
sometime) be turned into a short-term asset. If you back out the SS
bonds, the deficit goes down but doesn't anywere near disappear.
Also, the surplus had already peaked and was on its way down
before the elections.