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Halliburton Company Message Board

  • pukewhitetrash pukewhitetrash Sep 6, 2013 8:45 PM Flag

    The Last President to Provide a Budget Surplus.

     

    In 2001, the CBO projected that the total Clinton surplus of about $280 billion would balloon to $5.9 trillion worth of cumulative surpluses through 2011, when in reality the accumulated deficits reached $6 trillion at the end of that time period.

    That's pretty bad arithmetic. So what happened?

    The U.S. Treasury Department recently tweeted this chart, which breaks down the major drivers that turned a small surplus into a massive deficit:

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