wrote in message
...
On Sun, 23 Oct 2011 16:56:22 -0500, jim wrote:

" wrote:


It was called a "surplus" because during that time, more money was
being
taken in than was being spent

False. The debt rose, therefore spending revenue.


Bull****.

Stop lying.

He is not lying. It is a fact that The Federal govt for a couple years
in
the 90's took more money from the economy in revenues than it
put back into the economy in outlays.

The National Debt continued to increase.

NO, it didn't--it actually declined...by over a trillion dollars, in fact

1996 US cumulative debt = 5.106 trillion

1997 US cumulative debt = 5.042 trillion

1998 US cumulative debt = 4.897 trillion

1999 US cumulative debt = 4.667 trillion

2000 US cumulative debt = 4.248 trillion

2001 US cumulative debt = 4.022 trillion


http://www.usatoday.com/money/econom...hic/39255812/1

That is *NOT* a balanced budget.