Blogger Party

In 1998 we moved to Texas. Bill Clinton was president and the price of gas was 96 cents a gallon. For $10.00 I could put over 10 gallons of gas in my car which would provide a full day of shopping and some more.

Today, George W. Bush is president. You know the OIL guy? For $10.00 I can put in about 3 gallons which will hardly get me out of my neighborhood.

The 10 gallons of gas I bought in 1998 for $9.60 now costs me $28.00 and some change.

How has this happened?

In 1998 the government had a surplus of $69.2 billion. It was the first time since 1957 that the US has had two consecutive years of budget surplus.

Today, The US Federal Budget which had a surplus only a few years ago, has dropped dramatically back into deficit. Recent budget deficits .........have broken all previous records.

What Happened?