Quote:
Originally Posted by JohnG
Reagan/Bush I = Budget Deficit
Clinton = Budget Surplus
Bush II = RECORD Budget Deficit
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Clinton had some luck on his side. Bushie has not been the fiscal conservative at all (he spends like a drunk democrat), but "the federal deficit narrowed in fiscal 2007, the third straight annual reduction, as the continued economic recovery helped the growth of tax receipts outpace the growth of government spending" (WSJ 10/12).