On Talking Points Memo, Josh Marshall cites some GOP spin, and links to an illuminating chart of the U.S. budget deficit or surplus since 1961:
[F]ormer RNC Chair Ed Gillespie … waxing poetic about President Bush’s plan to balance the budget by 2012 and claiming that the last time the budget was balanced was in 1998.
… Back on planet earth we know that the budget became balanced during the Clinton presidency and remained in balance until he left office in 2001.
You’ve got to give Bush credit for turning this country around.
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