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  • hawcraper hawcraper Apr 12, 2009 1:53 PM Flag

    Clinton Surplus CONFIRMED

     

    The figures that Hawcreek uses from the Treasury department are not the normal set of figures that the Government always uses...and that is why Hawcreek has only 1 site for numbers and every one else in the world can Disprove Hawcreek...


    "Other readers have noted a USA Today story stating that, under an alternative type of accounting, the final four years of the Clinton administration taken together would have shown a deficit. This is based on an annual document called the "Financial Report of the U.S. Government," which reports what the governments books would look like if kept on an accrual basis like those of most corporations, rather than the cash basis that the government has always used. The principal difference is that under accrual accounting the government would book immediately the costs of promises made to pay future benefits to government workers and Social Security and Medicare beneficiaries. But even under accrual accounting, the annual reports showed surpluses of $69.2 billion in fiscal 1998, $76.9 billion in fiscal 1999, and $46 billion for fiscal year 2000. So even if the government had been using that form of accounting the deficit would have been erased for those three years."

    http://fms.treas.gov/fr/index.html

    http://www.usatoday.com/news/washington/2006-08-02-deficit-usat_x.htm


    Also


    "This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit or surplus for each fiscal year from 1990 through 2006."

    http://www.factcheck.org/askfactcheck/during_the_clinton_administration_was_the_federal.html

    This topic is deleted.
 
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