Question1: What was the budget surplus/deficit in 2000?
Answer: $237 Billion Surplus for FYE Sept 2000.
What is it for FYE Sept 2008?
Answer: -$407 Billion Deficit for FYE Sept 2008 (estimated).
BTW, that’s DOUBLE what it was the year before. And for those of you that are new to this, deficit is a one-time measure, not cumulative, so that’s just what we ran up in debt this year alone.
Cumulatively, the last 8 years has run up $2 Trillion (that’s the next biggest one up from Billion, right?).
The 8 years prior to that: $320 Billion deficit. Nothing to brag about, but one-sixth the size of the latest running tab.
Oh, and for all you old-school, small government Republicans out there, the deficit is due to the fact that SPENDING has outstripped RECEIPTS (taxes) by 2:1.
And that’s NOT COUNTING the Iraq/Afghanistan Budget $600 Billion (and counting), the $700 Billion Wall street bailout, the $285 Billion to nationalize Freddie Mac and Fannie Mae, and something like $600 Billion in additional non-budgetary spending since 2000.
Keeping count? Yes kids, that’s over $2 Trillion ON TOP OF THE $2 Trillion that these crack heads overspent on the day-to-day expenses.
Now I’ve never been too upset about criticism of Democrats as “Tax and Spend” party, but the Republicans have turned into the “Don’t Tax and Spend Anyway” party.
And don’t anybody start up on that MSM or liberal bias bs on me either. The data comes from the Executive Office of the President of the US. http://www.gpoaccess.gov