The US Economy - A Ponzi Scheme

[whell]

Originally Posted by finnbow

What I see from those numbers is that Clinton balanced the budget (something you've denied for years) and that Dubya screwed the pooch immediately thereafter, with consequences that we're just digging out of.

I've never denied he "balanced the budget" as gov't wonks define a balanced budget. My point has simply been that the definition of balanced as our gov't uses the term includes borrowed funds as "income". That's like saying: "I paid off my Master Card with my Visa."

The idea that we're still experiencing the consequences of Bush budgets is yet another leftist apologist phrase. How you label yourself a "fiscal conservative" is beyond me if you cling to that fable.