Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
IF there was a surplus.for 2-3-4 years...........why did the DEBT go from 3.9 trillion to 5.80 trillion????????????????????????
Exactly.
Its impossible.
Further, borrowing money from social security to reduce the debt, which is increasing the deficit is only a "surplus" for those people incapable of accepting fact.
Every single day, some left winger on this forum spouts off about the surplus left when Clinton left office. This is especially the case in recent times with our spiraling deficit.
Nearly every single time I see some lefty going on about how they were able to balance the budget under clinton and provide a surplus which would have paid off the deficit, I correct them. And every day they keep providing non-sense claims about the same situation to back their agenda.
So, here is a thread regarding the fallacy of a surplus. Can we please stop continuing the lie here.
yes the thread is about the ANNUAL BUGDGET surplus/deficit
fact there never was a surplus......
if there was a surplus where did the money go...because the debt was NEVER paid
the NATIONAL DEBT INCREASED every year
if there was a surplus, then there should have been NO INCREASE IN DEBT for the year.....there was....
so are you saying that clinton had a surplus,, but the debt increased,,,means what????? where did the money go???? ARE YOU SAYING CLINTON EMBEZZLED IT?????
yes the thread is about the ANNUAL BUGDGET surplus/deficit
fact there never was a surplus......
if there was a surplus where did the money go...because the debt was NEVER paid
the NATIONAL DEBT INCREASED every year
if there was a surplus, then there should have been NO INCREASE IN DEBT for the year.....there was....
so are you saying that clinton had a surplus,, but the debt increased,,,means what????? where did the money go???? ARE YOU SAYING CLINTON EMBEZZLED IT?????
FY1994.... 09/30/1994....... $281.26 billion
FY1995.... 09/29/1995........$281.23 billion
FY1996.... 09/30/1996....... $250.83 billion
FY1997.... 09/30/1997....... $188.34 billion
FY1998.... 09/30/1998....... $113.05 billion
FY1999.... 09/30/1999.... ... $130.08 billion
FY2000.... 09/29/2000........ $17.91 billion the CLOSEST year to a surplus
FY2001.... 09/28/2001........ $133.29 billion
Hero-
You can point out facts all day to these people, yet they will still cling to the "Clinton surplus" urban legend.
They do not want facts and cannot handle them. Better that they stick with the fairy tales, as told around the campfire by liberals, about the wonder and spectacle of liberal spending.
Budget surplus/deficit is not the only reason that adds up to national debt. For example, National debt grew from $5.8 trillion dollars (at the commencement of Bush's first budget in 2001) to $11.9 trillion dollars (at the end of Bush's last budget in 2009). In other words, a growth of $6.1 trillion dollars in eight years, or about $763 billion per year. What was the budget deficit, on average, during these eight years?
Likewise, national debt grew from $4.4 trillion to $5.8 trillion during eight Clinton budgets, an average of $175 billion/year.
BTW, if you're really interested in national debt as a percentage of GDP during full term(s) of presidents...
Reagan (8 years): National debt grew from 33.4% of GDP to 51.9% of GDP
Bush HW (4 years): National debt grew from 51.9% of GDP to 64.1% of GDP
Clinton (8 years): National debt shrunk from 64.1% of GDP to 57.3% of GDP
Bush W (8 years): National debt grew from 57.3% of GDP to 69.2% of GDP
To be fair though, Reagan era saw two recessions, Bush HW's presidency saw one at its tail end, and Clinton didn't, while Bush W era saw two recessions as well, one we live in, today and a pretty bad one at that.
To be fair though, Reagan era saw two recessions, Bush HW's presidency saw one at its tail end, and Clinton didn't, while Bush W era saw two recessions as well, one we live in, today and a pretty bad one at that.
Technically, the second one began with credit crunch, following Federal Reserve's actions to address fear of growing inflation, a year after Reagan left office.
"In fact, from 1998 to 2001, the federal government ran total annual budget surpluses of between $69.2 billion and $236.2 billion, according to figures from the nonpartisan Congressional Budget Office (CBO)."
Yeah and we know how the wingnuts hate that pesky CBO. Well, except when the numbers go their way...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
