Below are two graphs of the so called federal budget surplus. They are identical to each other, except for what perspective is put in front. Which is the view you are being told by the PRESSident? Which is the view that represents reality, especially for our kids who will have to pay for the deficits and interest on the debt hiding behind borrowing from Social Security?
![[Image]](../images/surplus.gif) |
![[Image]](../images/debt.gif) |
Source CBO (Jan 1998) using Clinton's budget and new spending proposals. |
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Fine Print : Note the conversion to new debt from yearly deficits. After all, this is how your credit card company keeps track of your spending and debts. Honesty requires one to put issues into perspectives that are commonly understood and used. |
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Who is going to buy all of the stock and bonds that us boomers have in our retirement portolios if our kids and grandkids are stuck paying taxes to support big government spending of past decades as well as paying Social Security and Medicare for us?
