Is Bush blaming Clinton for not balancing the Budget and having no spending discipline?

Question

The missing money in Iraq was a top concern of the Bush Regime

Answer 1

Bush is the biggest plunderer. He has burnt all the American wealth in Iraq and Afghanistan along with American soldiers.

Answer 2

the government has been borrowing the Social Security surplus and spending it on general government programs for several years. The net effect has been to disguise the true size of budget deficits in past years. For example, in fiscal year 1995, the government experienced a $226.4 billion deficit in its operating budget. However, since the Social Security Trust Fund had a surplus of $62.4 billion that year, the government simply borrowed the Social Security surplus and spent it as part of it general operating budget. The $62.4 billion Social Security surplus was deducted from the $226.4 billion deficit and the government reported an official deficit of only $164 billion.



In 1997, since there was a surplus in the Social Security Trust Fund of $81.4 billion, the actual $103.4 billion on-budget deficit was reduced by that amount and the government reported a total deficit of only $22.0 billion. It was in 1998 that the American people first had the wool pulled over their eyes on a grand scale. In that year, the operating budget of the federal government was still in the red with an actual deficit of $30 billion. It was the $99.2 billion surplus in the Social Security Trust Fund that enabled the government to report a budget surplus of $69.2 billion. During a year in which the United States Government spent $30 billion more than it collected in general revenue, it announced that there was a $69.2 billion overall surplus!



From that point on, the American people seemed to believe that there truly was excess money in the federal budget, and cunning politicians began building schemes to further mislead the people into believing that money was available for new programs and/or for cutting taxes. Any reader who has doubts about whether the government had a deficit or surplus in 1998 need only check out the size of the national debt in 1997 and 1998. The United States Treasury Department maintains a web site on the internet that provides public debt figures updated on a daily basis.



The total debt at the end of 1997 was $5,369.7 billion ($5.37 trillion). By the end of 1998, the debt had risen to $5,478.7 billion ($5.48 trillion). How could the national debt rise by $109 billion if the government had a $69.2 billion surplus? It couldnt. The United States Government had to borrow $30 billion to pay the on-budget deficit. In addition, since the Social Security Surplus was all invested in United States Treasury securities as required by law, the governments debt to the Social Security fund also went up.

Answer 3

Old News! You're scraping the barrel.

Answer 4

No he said he took full responsibility for all that but then again he lies according to the libs...