> $millions: > > Year Receipts Outlays Surplus > ---- --------- --------- ------- > 1998 1,721,955 1,652,685 69,270 > 1999 1,827,645 1,702,035 125,610 > 2000 2,025,457 1,789,216 236,241 > 2001 1,991,426 1,863,190 128,236 > > The Fed was also in the black every year from 1920-30, plus 1947-49, > 1951, > 1956-57, 1960, and 1969. But nobody ever had a surplus even remotely > like > Bill Clinton's. His 2000 surplus is 20x the pre-Clinton record. > > Those damnable tax & spend Democrats. > > http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf
Notably, with the exception of 1969, these are all immediately pre and post-war budgets. 1920-30 was mostly under Cool Cal's watch, a man known for his remarkable fiscal restraint. Clinton's was the result of massive reductions in defense spending from the end of the Cold War and more notably, an opposition party in control of the House and Senate (and that naughty accounting trick of counting SS funds as part of revenue). ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
