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Did Clinton have a surplus?

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Did Clinton have a surplus?

Postby jessy59 » Mon Apr 22, 2013 11:57 pm

Seemed a bit dead for new questions, so I thought I'd pull out an old standby.
Libs, Clinton had no surplus.
Disprove me.
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Did Clinton have a surplus?

Postby quade » Tue Apr 23, 2013 12:10 am

Here is a new answer from the Liberal Huffington Post...

"..Bill Clinton Was Not an Economic Savior "

"The truth is often painful but nonetheless it is important that we live in the real world. Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that President Clinton's policies sent the economy seriously off course.

In Washington it is common to tout the budget surpluses of the Clinton years as some momentous achievement, as though the point of economic policy is to run budget surpluses. Of course the point of economic policy is to produce an economy that improves the lives of the people in a sustainable way. Clinton badly flunked this test.

This was the economy that President Clinton handed to President Bush in January of 2001. It was an economy that was being carried by an unsustainable bubble that, in fact, already was in the process of deflating at the time Bush took office. The S&P 500 was more than 10 percent below its 2000 peak and the NASDAQ was down by more than 40 percent on the day that Bush took office. This pretty much guaranteed the recession that began in March of 2001 just as the collapse of the housing bubble placed President Obama in the middle of terrible recession in January of 2009."
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Did Clinton have a surplus?

Postby stevenson15 » Tue Apr 23, 2013 12:18 am

There were budget surpluses in FY 1998 to FY 2001. So yes, there was a budget surplus during Clinton's presidency.

The questioner and a few of the answers have tried to discard that surplus by saying, basically, "that doesn't count because I don't want it to". Which doesn't undo the surplus. Spending increases, tax cuts, and a recession ended the surplus.
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Did Clinton have a surplus?

Postby pearroc72 » Tue Apr 23, 2013 12:24 am

Absolutely true. No President since Eisenhower has ever lowered the debt.
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Did Clinton have a surplus?

Postby ciaran » Tue Apr 23, 2013 12:35 am

I know Bush didn't. We had the greatest prosperity in Bill Clinton in my life time.281 billion. Bush gave it all way to his friends.
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Did Clinton have a surplus?

Postby bikendi » Tue Apr 23, 2013 6:32 am

no, only partially excluding social security. The last time we had a true surplus was under Andrew Jackson.
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Did Clinton have a surplus?

Postby ashburn86 » Tue Apr 23, 2013 12:48 pm

Bush spent it on tax cuts for his buddies. Then when the money ran out he kept giving it away.

Wow, people accuse obama of giving handouts. I see why they think that way now!
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Did Clinton have a surplus?

Postby gawain » Tue Apr 23, 2013 12:56 pm

With the way the system is set up no one will ever lower the national debt. It was created by the big banks to keep us in permanent debt so we always owe them money.
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Did Clinton have a surplus?

Postby orick » Tue Apr 23, 2013 1:22 pm

If you don't like taking info from this site, there are plenty of others to draw from. I like this one because the graph breaks the debt up neatly by administrations.
http://zfacts.com/p/318.html
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