What accounting trick was used to create the illusion of a budget surplus during the Clinton administration?
Thursday, August 12th, 2010 at
3:56 pm
Comments (1)
When the Clinton administration announced they had passed a budget that created the first budget surplus in decades, some group dissected the budget and found that it was an accounting trick; some budget items were moved off-budget, to the exact amount of the fictitious surplus. I remember that announcement coming out, but I don’t remember who exposed this fraud or the details of the budget trickery. Anybody have that information?
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