Clintons surplus was a hoax. It was accounting gimmickry that - TopicsExpress



          

Clintons surplus was a hoax. It was accounting gimmickry that Clinton used to hide deficits, by borrowing from the Social Security and Medicare fund. Clintons total surplus sum was $422 billion, not the $360 billion the national debt allegedly went down by, yet the debt actually went up by $281 billion in during the legerdemain surplus years. The public debt went down but overall national debt rose because intragovernmental debt rose. The reason the national debt didnt go down by the same sum as the cumulative, ledgerdemain surplus is because part of it was intragovernmental debt used to pay off old debt. craigsteiner.us/articles/16
Posted on: Sun, 20 Oct 2013 22:00:24 +0000

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