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
Clinton's "surplus" was a PROJECTED surplus, not an actual surplus. He did, however, lead us into a deficit.
cincyblows 5 months ago
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
bootylicification 1 year ago
finally. someone with real sense!!
MrGrumpyin2010 1 year ago
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"
Not00Fred 2 years ago