Part 2 1990s economy and budget surplus Revenues

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=nFnAcX99yYw

Part 2 provides the most insight into the economic phenomenon of the late 1990s through 2006. The interesting feature of the Clinton economy was the temporary spike in revenues, followed by a dramatic decline and then a recovery. The difference between now and the 1990s economy with the budget surpluses is often cited to be caused by the tax breaks for the rich. This video shows how the budget surpluses and the $5.6 trillion projected surplus was driven by a spike in revenues associated with temporary events. All the data used in the analysis is in the public domain. It is an analysis based on the assumptions contained in the CBO 2001 report projecting the $5.6 trillion budget surplus. http://www.reportcard2000.com

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