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But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal year 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.
I suggest you review Paul Ryan's plan and the Democrat response. He proposed real solution and they demagogues it. Other than taxing jets, which isn't a serious solution to anything. I haven't heard a proposal from the Dems that seriously addresses the debt and deficit issue.
0bama is a complete, economic illiterate, which is why he swings wildly around at whatever his personal ideology tells him is one of the bad guys. This time his anger is aimed at corporate jets, and its not the first time he singled out these aircraft as the bogeyman. This is the same country club, jet setter 0bama, who thinks we owe it to him to fly his family's dog out with his staff on weekend vacations to Maine.
Verifying this is as simple as accessing the U.S. Treasury (see note about this link below) website where the national debt is updated daily and a history of the debt since January 1993 can be obtained. Considering the government's fiscal year ends on the last day of September each year, and considering Clinton's budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here's the national debt at the end of each year of Clinton Budgets:
As can clearly be seen, in no year did the national debt go down, nor did Clinton leave President Bush with a surplus that Bush subsequently turned into a deficit. Yes, the deficit was almost eliminated in FY2000 (ending in September 2000 with a deficit of "only" $17.9 billion), but it never reached zero--let alone a positive surplus number. And Clinton's last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit. The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.
And anywho, yes the GOP was in Congress at the time. But by the same token, a Democrat was President. The President has signing/veto power for bills.
A Republican Congress and a Republican President together ran up the deficits and exploded the debt like drunken sailors during much of the last decade. That's a fact.
And anywho, yes the GOP was in Congress at the time. But by the same token, a Democrat was President. The President has signing/veto power for bills.
A Republican Congress and a Republican President together ran up the deficits and exploded the debt like drunken sailors during much of the last decade. That's a fact.
No, the fact is you were wrong, there was no surplus.
No, the fact is you were wrong, there was no surplus.
Says who? The Cato Institute?
EDIT: 1995 CBO Estimate. Hmm, nobody claimed that the budget was balanced that year. It was, however, balanced by 1999. The dot com boom had a lot to do with that, plus Clinton gave the middle class a tax cut in the late 1990s.
Yup, people were cooking the books back then, which is why the bottom blew out of the market after those frauds were exposed, and all that funny money did not exist.
And anywho, yes the GOP was in Congress at the time. But by the same token, a Democrat was President. The President has signing/veto power for bills.
A Republican Congress and a Republican President together ran up the deficits and exploded the debt like drunken sailors during much of the last decade. That's a fact.
And it only took a Dem Congress and a Dem President 2 years to catch up and surpass them.
And anywho, yes the GOP was in Congress at the time. But by the same token, a Democrat was President. The President has signing/veto power for bills.
A Republican Congress and a Republican President together ran up the deficits and exploded the debt like drunken sailors during much of the last decade. That's a fact.
argue with the data then.
you can believe the president is responsible for it all you want. the fact is that congress plays THE role in appropriating the budget among the other happenings of the country's mechanics whether you want to believe it or not and the facts suggest just that has happened over the past 20 years.
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