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Wednesday, May 13, 2009

Year-Long Government Shutdown, Anyone?

Another way to look at the recent news of the nation’s impending $1.8 trillion deficit:
President Clinton today released a $1.84 trillion budget proposal for fiscal 2001, a 2.5 percent increase over 2000.

The budget projects a $184 billion surplus in 2001 and proposes to pay off the national debt by 2013. Clinton proposes an increase in total discretionary spending of $22.8 billion, to $614.3 billion.
Simply put, the federal government is on track to borrow more than it cost to run the entire operation just 8 years ago.

This blurb also serves as an unfortunate reminder of how close we could have been to paying off our debt were it not for years of wasteful spending begun by Republicans and now compounded by Democrats.

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