> here was never an actual "surplus". Revenue exceeded spending for a very short time, but scheduled spending increases would have wiped that out regardless of who was President, especially after 9/11.
Bret, the point isn't whether or not Dollar Bill handed Junior a surplus. It's how Junior, starting out with a budget that was more-or-less balanced, deliberately ran it into the red. The interesting thing is that Dubya could have maintained a balanced budget if he had either backed out the tax cuts or opted not to invade Iraq. (A country, you will recall, that had absolutely nothing to do with 9/11.) It was the one-two punch of tax cuts and wars that blew out the deficit. Now, when Junior decided to invade Iraq, he could have said, "Ya know, everybody will have to suffer a bit so we can make Iraq safe for Islamist militants. So I'm asking Congress to roll back our tax cuts so we can pay for this little adventure." Instead, every year he presented a "balanced budget" to Congress that explicitly excluded the wars in Iraq and Afghanistan so he could PRETEND to have a balanced budget while actually borrowing money to fund the wars.
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Today's Featured Article - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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