Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Ethics of the $5.6 trillion surplus - Who do you believe?

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
287 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Apr 9, 2008

Excellent PBS video on the CBO's process and uncertainties:
http://www.pbs.org/newshour/bb/budget/jan-june01/budget_3-2.html
As has been documented in other videos, the opportunity to deceive is higher with a projection than with historical results. This video categorizes the ethical comments of Senator Kent Conrad (D-ND), CBO Deputy Director Mr. Barry Anderson, Senator Tom Daschle (D-SD) and Representative Jack Spratt (D-SC). The comments are from 2001 and 2008. Based on the analysis, there is a determination on who you should believe when addressing the "certainty" of the $5.6 trillion projected budget surplus as projected by the CBO in 2001, subject to the "uncertainties" included in the report.
http://www.reportcard2000.com

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • Clinton's "surplus" was a PROJECTED surplus, not an actual surplus. He did, however, lead us into a deficit.

  • Clinton didn't leave a surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links.

    .

    Allen West 2012

  • finally. someone with real sense!!

  • As can clearly be seen, in no year [of Clinton's term] did the national debt go down, nor did Clinton leave President Bush with a surplus that Bush subsequently turned into a deficit.[ ... ] And Clinton's last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit. The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.

    Search google for "The Myth of the Clinton Surplus"

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more