In any case, a large budget surplus is just as bad as a deficit. The government has no business running up either one.
Clinton's surplus was no more or less real than today's deficit predictions. And let's all remember that the surplus meant (per the right wing) that we were paying to much tax and was the rationale for the Bush tax cuts. And now that were have deficits and debt, those same people think cutting taxes further is he answer? Tell us how that makes sense.
That said, while I don't think the government should run huge surpluses, I think putting aside money in a "lockbox" that Congress cannot fuck with, and keeping some money in a "rainy day" fund makes sense.
It doesn't make sense for our bond rating. It's basic economics.
The way out of the deficit and debt mess is economic growth. Unfortunately, this present administration is doing everything it can to stop growth.
Really? The much maligned stimulus enabled some growth but wasn't big enough. Now the Republicans are looking to reduce the deficit at the expense of jobs and, yes, growth.
The people who are really hampering growth are businesses sitting on $2 trillion in profits and refusing to invest, hire or do anything to help the economy. In fact, Goldman Sachs, and other banks, who received trillions in tax payer money, are laying people off despite record profits.
Why aren't you mad at them?