Boxlicker101
Licker of Boxes
- Joined
- Apr 5, 2003
- Posts
- 33,665
If there was a budget surplus, why didn't the debt go down![]()
It sort of disappeared.
First, I could never figure out what was meant by a "surplus." As far as I was concerned, there is no such thing as a surplus of money. Second, the "surplus" was mostly a projected amount. You know how that goes: "If we keep collecting more taxes that we spend for the next X years....." Of course, the boom ended and things were back to normal. Third, there has probably never been a politician, lib. or con. who can't find a way to spend money, and they all did.
Some sensible people said things like: "If there is a surplus, why not use it to pay down the debt?" or "...reduce taxes?" However, pols are not usually all that sensible.
