alt.politics.economics

On Sep 8, 11:30 am, "sinister" wrote:
> wrote in message
>
> news: @ ...
> > I'm pretty sure that the so-called "combined budget" (and suppliental
> > spending) had a surplus during the Clinton years. Sure the
> > operational
> > budget was still in deficit--by law (how silly) the SS surpluses had
>
>
>
> Actually, if you look at the Historical Tables provided by OMB, I'm pretty
> sure you'll see that one year even the deficit that doesn't include the SS
> surplus was in surplus. Of course, that means less than it would at first
> appear because we were approaching cyclical highs due to the tech bubble.

Thanks for the correction. Yeah, the tech bubble had to burst. It
had
several things propping it up but that didn't stop the government from
benefiting from it. It's too bad politicians will do what they can to
prop up the market rather than the underlying economy as if the market
was an indicator of the economy's health.