No, Bill Clinton Didn't Balance the Budget

From the Cato Institute
  No, Bill Clinton Didn't Balance the Budget

...Let us establish one point definitively: Bill Clinton didn't balance the budget. Yes, he was there when it happened. But the record shows that was about the extent of his contribution. 

Many in the media have flubbed this story. The New York Times on October 1st said, "Clinton balances the budget." Others have praised George Bush. Political analyst Bill Schneider declared on CNN that Bush is one of "the real heroes" for his willingness to raise taxes -- and never mind read my lips. (Once upon a time, lying was something that was considered wrong in Washington, but under the last two presidents our standards have dropped.) In any case, crediting George Bush for the end of the deficit requires some nifty logical somersaults, since the deficit hit its Mount Everest peak of $290 billion in St. George's last year in office...

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