Ever since I wrote an article
challenging the myth of the Clinton surplus, skeptics have been
searching out ways to refute it. Some suggest I don't understand the
difference between the debt and the deficit (I do). Others claim that
I'm ignoring the CBO numbers (even though I explained that in the
original article).
I then wrote a follow-up article that explained the exact accounting that allowed a real deficit to be claimed as a surplus by Clinton. That article really was the final nail in the coffin of the Myth of the Clinton Surplus. It demonstrated that even if we omit Social Security from the calculations, the remaining "surplus" only existed due to surpluses in other trust funds.
Read more: http://www.craigsteiner.us/articles/32
I then wrote a follow-up article that explained the exact accounting that allowed a real deficit to be claimed as a surplus by Clinton. That article really was the final nail in the coffin of the Myth of the Clinton Surplus. It demonstrated that even if we omit Social Security from the calculations, the remaining "surplus" only existed due to surpluses in other trust funds.
Read more: http://www.craigsteiner.us/articles/32
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