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Reply #7: Err... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
kenfrequed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-22-10 09:46 AM
Response to Reply #3
7. Err...
The only reason it worked for Nixon was that Johnson enshrined the practice of borrowing from social security as part of consoloidated budgeting to cover the massive debt-hole caused by the increasing involvement in Vietnam.

Nixon and Johnson deserve very little (if any) credit for this mythical surplus.
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  -Who was the last president to balance the budget before Clinton? TNDemo  Apr-22-10 09:12 AM   #0 
  - Eisenhower  baldguy   Apr-22-10 09:14 AM   #1 
  - I think it was LBJ?  kentuck   Apr-22-10 09:18 AM   #2 
  - Nixon  Psephos   Apr-22-10 09:22 AM   #3 
  - Was he dipping into Social Security?  madokie   Apr-22-10 09:25 AM   #4 
  - Err...  kenfrequed   Apr-22-10 09:46 AM   #7 
     - That accounting scam has been true for every president since LBJ.  Psephos   Apr-22-10 10:56 AM   #12 
  - Carter, I think, ran a surplus in 1978  Dogmudgeon   Apr-22-10 09:42 AM   #5 
  - You are correct - the one recent president who does not get credit for it  old mark   Apr-22-10 10:03 AM   #10 
  - No Carter-era budget was ever in surplus.  Psephos   Apr-22-10 11:04 AM   #13 
  - Andrew Jackson. n/t  WeDidIt   Apr-22-10 09:43 AM   #6 
  - Here's a link that might help?  kentuck   Apr-22-10 09:46 AM   #8 
  - Hope this is useful.....  DeSwiss   Apr-22-10 09:55 AM   #9 
     - I wonder how authentic this truly is.  Winterblues   Apr-22-10 10:06 AM   #11 
 

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