Republican Congressman Blames Bush's Record Deficits On Clinton
Rep. John Sweeney (R-NY), who has a comfortable lead in his bid for re-election, brought some unnecessary attention to his campaign yesterday.
With former President Clinton in the district to campaign for Democrat Kirsten Gillibrand, Sweeney decided to engage in a war of words.
Clinton said the Bush administration and Congress turned a projected $240 billion surplus into a $250 billion deficit,following several years of
deficits of $300 billion to $400 billion.
In response, Sweeney said: "The deficit is actually a result of a recession that began in his administration."
Oh yeah, I forgot. Everything that has gone wrong in the six-plus years of the Bush Administration is ultimately Clinton's fault.
Sadly, the reporter covering Sweeney didn't bother to fact-check the quote. Way to be "fair and objective."
As the charts below, from economist Steve Stoft, show, "If one counts Social Security contributions as offsetting the deficit, then the 'deficit lite' has gone down by almost half, from $413 billion to $248 billion. But that's just a normal result of increased Social Security contributions, which ... are themselves an obligation that must be repaid. The real total deficit, the gross national deficit, is still near a record high."