Interest on the debt is just another government expenditure. The deficit/surplus is calculated by subtracting total expenditures from total revenues. If there are more expenditures than revenues there is a deficit and the national Debt increases - just as it did in every year Clinton was president.The Debt will go up even if zero dollars are spent because of the interest on the national debt.
Therefore, even if Clinton balanced his budget, that's nothing compared to the national debt.
Why did we turn over the Federal Reserve to the richest men in America in 1913? Our $ used to be backed by gold. These bankers took the gold. Now our money is only worth what they say it is worth. Why did we get away from the gold standard? Why did we give the treasury over to Rockafellor, JP Morgan and Carnege? Are we stupid?
If America controlled the treasury, we would not charge ourselves interest on the national debt. But the bankers love it because we keep going further and further into debt with them.
Who approved the Feds bailout of AIG? They gave AIG our $85 bill. You forgot about this one, didn't you. This was before the $750 billion.
Feds bail out AIG with $85B loan and takes a 79.9% equity stake
So is this stake in the company going to pay down the debt? Not a fucking chance.
Feds bail out AIG with $85B loan and takes a 79.9% equity stake (Dealscape)
Oh, and while you were praising Bush for saving you $10 on your taxes, his policies caused the price of gas to double. So when you factor that in, the GOP absolutely raped us the last 8 years. Free market my ass. God damn right I'm a socialist.