$70 Billion Surplus As U.S. Closes Books on 1998 those were the days...

[Historic NY]

$70 Billion Surplus As U.S. Closes Books On 1998 Fiscal Year
By RICHARD W. STEVENSON
Published: October 29, 1998

The Federal Government officially closed the books today on the fiscal year that ended on Sept. 30, saying it ran a $70 billion surplus, the first time since 1969 that Washington spent less than it took in.

The final tally, announced by President Clinton at a news conference at the White House, matched precisely the Administration's last estimate, made four weeks ago. Relative to the size of the economy, it was the biggest surplus since 1956.

Mr. Clinton used the occasion to continue his assault on Republicans as bent on using the surpluses projected for coming years for tax cuts, and to repeat his demand that the money be set aside until Congress and the Administration settle on a plan to shore up Social Security.

Under intense pressure from Mr. Clinton and Democrats in Congress, Republicans abandoned plans to push through a big tax cut this year. But they have vowed to enact one next year, and both parties agreed to spend more than $20 billion of the current year's projected surplus of $80 billion on a variety of programs that they deemed emergencies.

http://www.nytimes.com/1998/10/29/us/70-billion-surplus-as-us-closes-books-on-1998-fiscal-year.html

[we can do it]

1. That's 13 Years Ago

[Enrique]

2. and so they impeached Clinton 2 months later

makes perfect sense.

[Cigar11]

3. Wars are not FREE

Looks like dropping Bombs on Mountains and Sand isn’t such a smart conservative idea?

Hundreds of Thousands of Troops with Billions in Logistics isn’t FREE!

Of course ... you don't have to be smart to know that, just observant to history.

It's a good thing we have an Expert in History running for President. LOL