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URL:  https://boards.fool.com/as-i-recall-we-were-also-running-a-budget-26637063.aspx

Subject:  Re: Could your retirement survive this? Date:  5/10/2008  8:38 AM
Author:  MadCapitalist Number:  13046 of 22172

As I recall, we were also running a budget surplus back when Bill was in office.

You forgot to mention that the surpluses happened under a Republican Congress. You forgot to mention that the surpluses occurred when tax revenues were at an unsustainable record high. You forgot to mention that the so-called "surpluses" were a sham because they were measured under the fiction of cash-basis accounting instead of accrual accounting.
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