Quote:
Originally posted by Greedy,Greedy,Greedy
Cite please.
Burger has it exactly right. And it has been true for most of our nation's history - from the Continental Congress on.
Do we have to give you a lesson in economic history, too?
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I am pretty sure, and someone correct me if I am wrong, but during most of the nineteenth century we had high tariffs that brought in a lot of revenue and the Federal government was not spending a lot of money. So unless we were at war we were running surpluses. It wasn't until WWI that we started running deficits consistently.
Am I wrong?
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