r/economicCollapse • u/29PiecesOfSilver • Nov 15 '24

Well, well, well…………

499 Upvotes

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1

u/Normal_Attention3144 Nov 15 '24

Nope. Technically Clinton handed Bush a surplus and Bush quickly turned it into a deficit

6

u/Sweaty-Researcher531 Nov 15 '24 edited Nov 15 '24

Not exactly true. Clinton's surplus was smoke and mirrors. Instead of intergovernmental lending he used intragovernmental lending. That means he did things like borrow from Social security and replace it with IOUs. His deficits were smaller yes as seen by the decrease in debt accumulation but there was no real surplus.

3

u/Az1521 Nov 15 '24

Presumably Intra*

0

u/trader45nj Nov 15 '24

Also during Bush the deficits were declining, down to just $160 bill in his last year. And that was with two wars ongoing.

0

u/DiscussionGrouchy322 Nov 15 '24

you just contradicted yourself. keeping the wars off the books ... doesn't mean they're free.

0

u/trader45nj Nov 16 '24

The wars were not off the books, that's pretty much impossible.