To all the Bush-supporters out there:
Do you realise that Clinton left Bush with a $236 BILLION federal Surplus and that 4 years later, Bush had changed that into a more than $400 BILLION Deficit?? Do you still think the country is in sound financial shape??
Actually, the "surplus" when Clinton left office was $127 billion and the deficit FY05 was $319. Unfortunately, Clinton's "surplus" included $5.8 trillion of debt, which was inherited by Bush. Additionally, much of what accounted for the "surplus" had nothing to do with Clinton's financial leadership. For instance, the tax payments on capital gains were a record $90 billion higher in 2000 which had an obvious effect on the budget.
There are so many factors which go into calculating the budget surplus/deficit, many of which change depending on who is in Office. So, you cannot truthfully say that you are comparing apples to apples.
You must also consider the recession Bush inherited from Clinton, as well as the financial effects of 9/11 and Katrina.
Bush has made great advances in improving the financial situation of our country. To name a few, he has provided tax relief to the citizens that needed it the most, his FY05 revenues were the largest in history, and after tax income for citizens has risen 15%. And these are just a few items, I could go on.
Brooke