- Dec 9, 2009
- Reaction score
- Houston, TX
- Political Leaning
You really have a passion for posting a book load of links none of which truly explain how Clinton had a surplus and still added 1.4 trillion to the debt nor does it really matter today as the topic is the Super Doomsday thread and Clinton has been out of office for 16 years. What you and others don't seem to understand is that the debt was 5.7 trillion when Clinton left office, 10.6 trillion when Bush left office, and 19 trillion today. Don't understand why the 19 trillion isn't an issue with you as you continue to want to promote the lie that Clinton had a surplus, one Treasury doesn't show.Just because for a particular time span, the federal debt wasn't reduced, doesn't indicate that there was no surplus. The federal debt isn't exactly the same thing as a deficit or surplus. There can be money in various government accounts, including agencies and the treasuries account with the fed. Think about it, is it possible for your personal budget to have a surplus, and still go deeper into debt? Absolutely, I can have extra money in my bank account, and obtain a loan - both at the same time!
I'm sorry, I am just going to have to go with the consensus on this, you cherry picking data doesn't prove anything. quite honestly, you sound like a conspiracy theorist on this issue.
History of Deficits and Surpluses In The United States
US Budget Deficit History
CNN Fact Check: The last president to balance the budget â€“ CNN Political Ticker - CNN.com Blogs
Hell, even the Cato institute ADMITS that the budget was balanced, they just claim that Clinton didn't personally balance it. http://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget
Even this right wing political hack site admits the budget was balanced: http://cnsnews.com/news/article/no-...alanced-federal-budget-40-years-no-republican
Keep ignoring that the debt on the US is in two parts, Public and Inter-government Holdings and we pay debt service on the total debt not just public debt. With SS and Medicare funds being used the public debt is going to always look better than it is. With rising interest rates the total debt service is going to skyrocket and it is already the fourth largest budget item and that should concern all Americans.