Of your politics, you mean?
By the way, we're NOT headed toward any more of a cliff than we were under Carter and we pulled that iron out of the fire in fine shape!!! Get a grip, will ya??? You're addicted to negativity!!!
Post the most recent remarkable reduction.
And by the way, there were NOT these size surpluses in 1999-2000, so I suspect this is not in real dollars.
"Through the first 10 months of the government's fiscal year, the federal deficit totals $302.6 billion, $93.7 billion less than at this time in 2004. Read the full report.
For all of 2005, the CBO expects a deficit of less than $350 billion, with the agency scheduled to make public an updated forecast Monday. The White House forecast a deficit of $333 billion. The deficit totaled a record $412.8 billion in 2004"
Your chart is a projection..obviously the deficit is lower than projected?
You have to remember the surpluses we had in FY99 and FY00 were the result of many companies cooking the books, a NASDAQ market that went up 150% from late 98 to early 2000. The capital gains and income taxes that came in those years that were unrealistic. Had we just had a very good period of 30% increase we still would have been about even without counting the money borrowed from Social Security.
It's just amazing when you look back at Clinton's 2nd term. We had 3 chances to get Bin Laden, didn't do it. We knew ATTa was here and they let him go in 2000. The corporate corruption was rampant, and he told us Iraq had WMD's, we bombed them and then let it go. UN Oil for Food was going on during this period. The Chinese missile technology was passed. The North Korean nuclear bad deal, etc. ALL THIS IN CLINTON's 2nd Term and the REPUBLICANS have let the RATS blame it all on BUSH. Disgusting!!!!!!!
Party of smaller government my fat ass!