Originally Posted by Rev22:17
Unfortunately, that surplus may well have been accounting fiction for a couple reasons.
"The key to achieving these balanced budgets in 1990s was adhering to the principle that the budget would be balanced through spending reductions, government reforms, and the adoption of incentives that reward work, savings and investment ..... We can balance the budget again today if we adhere to the same principle."
-- Newt Gingrich
Somebody had better tell Newt and the CFBO that those balanced budgets didn't really exist!