Budget Deficit: Why After Four Years of Surplus?

[AbsoluteParadigm]

Anyone have an idea why we have a budget deficit after four years of surplus under the Clinton administration? No flames on Bush, although I do dislike him. I just want to know why we have a deficit, what Bush changed the budget, and how did the economy play a part in the resurrection of the deficit.

Please have links to back up what you say.

Thank you in advance.

 

[xxxxxJohnGaltxxxxx]

...because he "raided" Social Security?

 

[tallest1]

"Bush also defended the rising budget deficit, saying half of it was due to "the recession that we're trying to get out of." Bush said that a quarter of the remaining deficit was caused by his tax cuts and the other quarter by spending "to defend America," including Iraq-related costs."

http://www.nj.com/news/ledger/index.ssf?/base/news-10/10628250987540.xml

 

[osage]

I can't believe that the big tax cuts did not add a great deal to this.

 

[her209]

it will be interesting to see the reports come january.

 

[heartsurgeon]

why is this exact topic posted twice?

 

[Vajurewi]

the deficit has mushroomed because the Republican party promised to
subsidize the cosmetics industry in providing enough face foundation for
Katherine Harris as part of the 2000 deal they cut with her to fix the FLA
recount

"We'll give you all the plaster you need for your face and when things
quite down, a Congress seat too."

OMFG! That hag was on CNN tonight and she's got more warpaint on
today than in 2000 and what Sitting BUll had on after he put the Freak on
with Gen Custer.

 

[illusion88]

Keep in mind, that we still had debt. We never paid that debt off, we were just able to START paying that debt off rather then creating more of it.

 

[Shad0hawK]

Originally posted by: AbsoluteParadigm
Anyone have an idea why we have a budget deficit after four years of surplus under the Clinton administration? No flames on Bush, although I do dislike him. I just want to know why we have a deficit, what Bush changed the budget, and how did the economy play a part in the resurrection of the deficit.

Please have links to back up what you say.

Thank you in advance.

in answer to yuor question i have 2 responses

1. 911

2. the economic slowdown 1 year before bush took office. the economy as in fact never "declined" but the rate of growth has declined.

 

[ReiAyanami]

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