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For Those Of You Who Continue To Doubt That Bill Clinton Had a Surplus.

Campbell

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This is from a Republican congress:

HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;
 

sawyerloggingon

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This is from a Republican congress:

HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;

Get out of here and get on your boat!:)
 

Gipper

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This is from a Republican congress:

HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;

Fascinating. It's 2013.
 

keith

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Unfortunately, the man most responsible for that surplus, Newt Gingrich, did not get the Republican nomination in 2012.
 

Mycroft

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This is from a Republican congress:

HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;

I don't see Clinton's name in there anywhere, do you?

Perhaps you should be crediting the Republican Congress, eh?
 

imagep

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I don't see Clinton's name in there anywhere, do you?

Perhaps you should be crediting the Republican Congress, eh?

Democrat POTUSs plus a republican congress always result in lower deficits. When republicans control both sides of congress plus the POTUS, they could care less about deficits, but stick a dem POTUS in the White House and suddenly the deficit becomes the most important thing in the world.

You conservatives should vote for Hillary.
 

Diving Mullah

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Unfortunately, the man most responsible for that surplus, Newt Gingrich, did not get the Republican nomination in 2012.

That's like saying...The reason Germany lost the War is because Switzerland stayed Natural

Diving Mullah
 

specklebang

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Clinton had the good fortune to preside over an era when we had an American product that changed the world. Many people got rich and tax revenues were very high. So, yes, he did have a surplus.

Now, we have no such product. Bush had a "product" for a few years, homes were built en masse. Once that little spree ended, we had nothing but our ever hungry war machine.

If you believe that America having a product is somehow a credit to the Presidency, then Clinton gets an A, Bush gets a C and Obama gets a Z.
 

Mycroft

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Democrat POTUSs plus a republican congress always result in lower deficits. When republicans control both sides of congress plus the POTUS, they could care less about deficits, but stick a dem POTUS in the White House and suddenly the deficit becomes the most important thing in the world.

You conservatives should vote for Hillary.

Ummm...I have to say no on Hillary...unless you want the Republicans to have total control in Congress.

Anyway, the only thing Clinton can be credited for is that he pretty much got out of the way of his Republican Congress. Do you suppose Hillary will do the same?
 

keith

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That's like saying...The reason Germany lost the War is because Switzerland stayed Natural

Diving Mullah

Stayed Natural? What does that mean? Spending bills begin in the House.
 

thinkforyoursel

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Unfortunately, the man most responsible for that surplus, Newt Gingrich, did not get the Republican nomination in 2012.

It's fascinating how the republicans can never seem to accomplish anything ....unless we have a democratic President.....:lamo

You know ...things like ....run a surplus...OR ...get Bin laden ..lol!!
 

keith

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It's fascinating how the republicans can never seem to accomplish anything ....unless we have a democratic President.....:lamo

You know ...things like ....run a surplus...OR ...get Bin laden ..lol!!

Republicans do a much better job of reducing spending when a Democrat is President. That is true.
 

TacticalEvilDan

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I don't see Clinton's name in there anywhere, do you?

Perhaps you should be crediting the Republican Congress, eh?

Ummm...I have to say no on Hillary...unless you want the Republicans to have total control in Congress.

Anyway, the only thing Clinton can be credited for is that he pretty much got out of the way of his Republican Congress. Do you suppose Hillary will do the same?

Stayed Natural? What does that mean? Spending bills begin in the House.

I'll have to remember these sentiments the next time the state of the country is laid at Obama's feet.

Anyway, we all know Clinton generated a massive surplus -- and then Monica walk into the office...
 

keith

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I'll have to remember these sentiments the next time the state of the country is laid at Obama's feet.

Anyway, we all know Clinton generated a massive surplus -- and then Monica walk into the office...

The economy has actually been doing better since the 2010 elections. Thanks Tea Partiers!!
 

Velvet Elvis

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I heart Troll OP's

Oh, Soupy... isn't a "surplus" supposed to be the opposite of "debt?" Seems Clinton never did eliminate the debt. His budget was nothing more than a game of Three Card Monty. Show "this" and hide "that."

Let me emphasize a portion of my hyperlink: "The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased."
 

Perotista

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This is from a Republican congress:

HRES 490 IH
106th CONGRESS
2d Session
H. RES. 490
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
IN THE HOUSE OF REPRESENTATIVES
May 4, 2000
Mr. WELDON of Florida (for himself, Mr. ARMEY, Mr. DELAY, Mr. LARGENT, Mr. COBURN, and Mr. STEARNS) submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION
To ensure that the fiscal year 2000 on-budget surplus is used to reduce publicly-held debt and provide tax relief to American taxpayers.
Resolved,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Save Our Surplus for Debt Reduction and Tax Rebate Resolution of 2000'.
SEC. 2. FINDINGS AND PURPOSE.
(a) FINDINGS- Congress finds that--
(1) the Office of Management and Budget estimated in the President's fiscal year 2001 budget submission that the Government will have a $19,000,000,000 nonsocial security surplus (on-budget surplus) in fiscal year 2000;
(2) it is expected that in the summer of 2000, the Office of Management and Budget will estimate an even larger budget surplus for fiscal year 2000;
(3) Government spending in fiscal year 2000 will increase faster than the rate of inflation for a total of over $1,750,000,000,000;
(4) the public debt has been paid down by $51,000,000,000 in fiscal year 1998, $88,000,000,000 in fiscal year 1999, and current estimates are that $163,000,000,000 will be paid down in fiscal year 2000;

The national debt rose in each of Bill Clinton years as president so one can say he never balanced the budget of paid down the debt. Of course there are always semantics and play on words. But if the national debt increases, then there is no surplus.

Take these figures on the federal deficits
Fiscal year increase in the debt
10/96-9/97 188.335 billion
10/97-9/98 113.046 billion
10/98-9/99 130.077 billion
10/99-9/00 17.907 billion
10/00-9/01 133.285 billion Clinton’s last budget he signed.

All in all Bill Clinton added a total of 1.396 trillion to the national debt. I will grant you, having a deficit or an increase in the debt of only approximately 18 billion for the FY 10/99-9/00 is probably as good as any president will ever get for a long time to come. But the reality of the situation is, Clinton never had a surplus.
 

keith

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Maybe if we could put away our partisan blinders we might realize that the years 1991-2001 might have been prosperous mostly due to the fact they were the years between the Cold War and the War on Terror. Wars are not real good for the budget.

Instead of recognizing that lesson and maybe rethinking our role in the world we write it all off as some partisan success story.

Let us now look at the two biggest changes to the status quo under Clinton. NAFTA and welfare reform, both of these are much more in line with neo-classical economic theory than the two biggest changes to the status quo in the Bush Administration, the medical prescription plan and the No Child Left Behind Act, both of these extended the power of the federal government.

Only partisan hacks give a President all the credit, or blame, for the economy and deficits. Now we can certainly give Democrats all the credit or blame for Obamacare. The most partisan major change in our system of government ever.
 

keith

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That's not my point -- either the House is ultimately responsible for spending, or the President is. Regardless of party. Make up your mind.

Err---I suggest you read the Constitution, it might clear things up for ya.
 

TacticalEvilDan

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Err---I suggest you read the Constitution, it might clear things up for ya.

I'm very familiar with the Constitution. I'm talking about your position -- in one post you blame spending on Obama, in another you credit a surplus or improving conditions to House Republicans. I'm asking you to make your position consistent.
 

Campbell

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Unfortunately, the man most responsible for that surplus, Newt Gingrich, did not get the Republican nomination in 2012.

LMAO!! Clinton raising tax rates in 1993/94 while he still had a Democrat majority had nothing to do with it?

You people just don't get it...Reagan slashes tax rates for the rich and borrows three trillion dollars from foreign banks while he continues to spend.

Bill Clinton raises taxes and runs a surplus.

George W. Bush cuts taxes twice after assuming a surplus and doubles the debt. DUUUH!!
 

Mycroft

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LMAO!! Clinton raising tax rates in 1993/94 while he still had a Democrat majority had nothing to do with it?

You people just don't get it...Reagan slashes tax rates for the rich and borrows three trillion dollars from foreign banks while he continues to spend.

Bill Clinton raises taxes and runs a surplus.

George W. Bush cuts taxes twice after assuming a surplus and doubles the debt. DUUUH!!

LOL!!

Don't forget Obama...who raised some taxes, lowered other taxes, lowered and THEN raised OTHER taxes...and has skyrocketed the debt...skyrocketed the deficit...and stagnated the economy.

LOL!! If it were only that simple...to lay it all at the feet of one man, eh?
 

KLATTU

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George W. Bush cuts taxes twice after assuming a surplus and doubles the debt. DUUUH!!

Here's the fatal flaw in your argument.

Take a look at the federal deficit During the Bush Years.

Historical Tables | The White House

Despite the 'tax cuts for the rich, even with two wars and profilgate spending, the deficit was almost gone by 2007 and most likely would have been by 2008 if the trend continued and there wasn't a recession.( the tax cuts certainlt can't be blamed for that)
That makes the whole 'tax cuts for the rich "meme seem like simple-minded class warfare BS..
 
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