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Originally Posted by AladainAF  BTW, those of you saying we had a surplus during the Clinton years need to go back to economics class. We haven't had a surplus since the 1800s if I remember.
Oh, you mean a BUDGET surplus. Gottcha. True! But not a "surplus". Paying off the debt is good, but to define that as a surplus in broad terms is inaccurate.
Anyway, our debt is in bad shape, and I'm pretty ashamed that Bush has spent so vigorously. Hopefully that'll change whomever gets elected next. |
Like you said, since the 1800, and probably the same for most of the countries, so its understood when one talk about a surplus, that it is always a budget surplus.
