The Democrats like to tell everyone how Clinton had a “budget surplus”. They make it sound like there were billions of extra dollars in the coffers and the national debt didn’t exist. What they fail to understand is that the national debt increased in every year that Clinton was in office. This means the federal government still spent more money every year of the Clinton administration than it received in revenue. A budget is only good if it is followed so a budget surplus is meaningless. Is this a concept that is too difficult for people to understand? Is that why so many Americans go bankrupt or have homes foreclosed? Is money management a foreign concept for most Americans?
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
G: Any business or individual that created a budget without adding in the interest on their debt would soon find themselves bankrupt. It should be expected for debt and interest on debt to be factored into a budget for the federal government otherwise the budget isn’t worth the paper wasted writing it.
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