During the campaign, Joe Biden said that Republicans had voted for a $500 trillion tax cut. Not to be outdone, here’s Rep. Sheila Jackson Lee (D-umb) on how much extra cash was in the public coffers when tax rates were higher during the Clinton administration:
“Remember, we had a $5.6 trillion surplus in 2000 – 2001 from the Clinton administration,” Jackson said in the interview while discussing fiscal cliff negotiations.
However, according to CNN Money, the “Treasury Department reported a budget surplus… of $127 billion” for fiscal year 2001 and a $237 billion surplus for fiscal year 2000.
Jackson Lee is obviously confusing surplus with the national debt, which was $5.6 trillion when Bubba left office. Only in the mind of a lib nutburger can a multi-trillion dollar debt be mistaken for a surplus:
(h/t Weasel Zippers)