Clin­ton pros­per­ity was just a mi­rage

The Washington Times Weekly - - Letters To The Editor -

The Aug. 13 edi­tion con­tained an­other fine Com­men­tary piece by Pat Buchanan, ti­tled, “Lever­aged to the max: Su­per­power on the brink.” Pat is so knowl­edge­able that I was re­ally sur­prised when he re­ferred to “the sur­pluses of the 1990s . . . .”

The sur­pluses were only il­lu­sions cre­ated by count­ing the bor­row­ing (some say em­bez­zle­ment) from So­cial Se­cu­rity and other trust funds, as rev­enue.

The ac­tual sit­u­a­tion can eas­ily be ob­tained from the Trea­sury De­part­ment's records, which show the na­tional debt in­creas­ing ev­ery year. We never had the sur­pluses that Pres­i­dent Clin­ton is pleased to claim credit for. Ben­jamin P. Martin Los Al­tos Hills, Cal­i­for­nia

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.