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- Dec 9, 2009
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No one was lying except the people claiming there was no surplus. People who deny the surplus are either being intentionally deceptive, or they simply don't understand the difference between the debt held by the public and intergovernmental debt.
There was no surplus as the Treasury data shows so tell me was the Treasury Dept. lying? Since you are so concerned about lies, then ask the Treasury why the actual numbers don't show a surplus. Bush was reacting just like Clinton supporters are reacting to CBO projections again which didn't account for 9/11 or the Clinton recession caused by the dot.com bubble bursting.