Friday, November 14, 2008

Media Gets it wrong again!

On WOWO this morning Charlie Bucher was speaking with Tracy Warner about the economy. During this conversation Tracy Warner of the Journal Gazette stated that Clinton had a budget surplus. This is 100% incorrect. The Clinton Administration did not have one single budget surplus. Since I have run for office, I have found a great deal of errors reported by the media. You would think something as important and easy to verify as deficit Spending, a value, would be reported correctly.

If you would like to verify the deficit or surplus for any given year, all one needs to do is go to the U.S. Treasury Web site and look at the ending year’ National Debt Balance. The ONLY way a surplus can be obtained is for the national debt to have dropped during that given year. If the ending debt is greater than the previous years ending debt, then that year was in deficit.

Date

National Debt Balance

Deficit

9/30/1991

$ 3,665,303,351,697

$ (431,989,899,920)

9/30/1992

$ 4,064,620,655,522

$ (399,317,303,825)

9/30/1993

$ 4,411,488,883,139

$ (346,868,227,618)

9/30/1994

$ 4,692,749,910,013

$ (281,261,026,874)

9/29/1995

$ 4,973,982,900,709

$ (281,232,990,696)

9/30/1996

$ 5,224,810,939,136

$ (250,828,038,426)

9/30/1997

$ 5,413,146,011,397

$ (188,335,072,262)

9/30/1998

$ 5,526,193,008,898

$ (113,046,997,500)

9/30/1999

$ 5,656,270,901,615

$ (130,077,892,718)

9/30/2000

$ 5,674,178,209,887

$ (17,907,308,271)

9/30/2001

$ 5,807,463,412,200

$ (133,285,202,313)

9/30/2002

$ 6,228,235,965,597

$ (420,772,553,397)

9/30/2003

$ 6,783,231,062,744

$ (554,995,097,146)

9/30/2004

$ 7,379,052,696,330

$ (595,821,633,587)

9/30/2005

$ 7,932,709,661,724

$ (553,656,965,393)

9/30/2006

$ 8,506,973,899,215

$ (574,264,237,492)

9/30/2007

$ 9,007,653,372,262

$ (500,679,473,047)

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