Video: How George Allen Blew the Clinton Budget Surplus to H***


    As DPVA Executive Director Dave Mills says, “George Allen talks a lot about fiscal responsibility, but his record tells another story…six years [in the Senate] turning a record surplus into a record deficit by voting for tax cuts for the wealthy, the war in Iraq and a new entitlement program without paying for them.” That about sums it up for George Allen on the budget deficit. Except to remind everyone that, when Bill Clinton left office in 2001, the United States had a large budget SURPLUS, as well as projected budget surpluses as far as the eye could see. George Allen, Tom DeLay, Dick Cheney, George W. Bush et al managed to turn that around real fast, while also setting up many of the conditions that led to our current economic mess. Other than that, heckuva job!!! (not)

    • Will Radle

      Every time you repeat the lie, not one word becomes truth.

      STOP saying we had a budget surplus when Newt Gingrich was Speaker. Why? Because it’s NOT TRUE.

      Did we build cash reserves? NO. Did we reduce our debt? NO.

      There was no budget surplus. The best we did was increase our debt by $17.9 billion in 2000. It’s much better than the records created by Speakers Hastert, Pelosi and Boehner, but it was NOT a budget surplus or even a balanced budget.

      The last time
      we had a year over year reduction in our debt was 1957 during the Eisenhower administration.

      See for yourself at the website of the Bureau of the Public Debt:

      The Washington Examiner published my commentary. Consistent failure of Democrats and Republicans like Kaine and Allen in fiscal leadership undermines consumer and investor confidence:

      Thank you for letting me share,

      A. Will Radle, Jr.

      Creating a Culture of Listening