MagicMike
Platinum Member
Here you go princess.OK, Einstein.....where is the "surpluss" when the debt went up every single year?
Pretend you aren't as stupid as we both know you are.
Amount Added to the Debt for Each Fiscal Year
Bill Clinton: Added $1.396 trillion, a 32% increase to the $4.4 trillion debt level at the end of Bush's last budget, FY 1993.
- FY 2001 - $133 billion.
- FY 2000 - $18 billion.
- FY 1999 - $130 billion.
- FY 1998 - $113 billion.
- FY 1997 - $188 billion.
- FY 1996 - $251 billion.
- FY 1995 - $281 billion.
- FY 1994 - $281 billion.
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U.S. National Debt by President
Check out how the national debt has increased by year and president. Depending on how you measure it, the answers may differ.www.thebalance.com
The national debt went up every single year Democrat Clinton was in office.
Yes, I debunked one more Democrat lie.
It's my avocation.
Now, anymore stupid questions?
How Clinton balanced the budget
When Clinton took office in 1993, the budget deficit in the previous year was just under 5% of gross domestic product, and the nonpartisan Congressional Budget Office predicted a bleak fiscal outlook.Clinton’s balanced-budget recipe was a mixture of higher revenues and lower spending, with help from a booming economy. In his second term, he also negotiated a bipartisan budget deal with Republicans.
After campaigning on a pledge to cut the deficit, Clinton raised taxes on the wealthy during his first year in office. He introduced higher top personal income tax brackets, raised corporate taxes, increased taxes on Social Security benefits, added 4.3 cents per gallon onto gas taxes and eliminated a number of itemized tax deductions. On the spending side, Clinton took advantage of the “peace dividend” that followed the collapse of the Soviet Union to reduce defense spending from 4.3% of GDP in 1993 to 2.9% by 2000.
These measures helped slash the overall deficit to 1.3% of GDP by the end of Clinton’s first term. That’s the smallest it had been in 22 years.
The higher taxes invited pushback from Republicans, who gained majorities in the House and Senate in 1995. Clinton wrangled continually with then-Republican Speaker Newt Gingrich, who forced a government shutdown that same year.
As part of budget negotiations, Congress eventually passed the Balanced Budget Act of 1997, which retained Clinton’s original tax increases but cut capital gains taxes and reduced spending on Medicare and Medicaid. Meanwhile, the economy, fueled by a tech boom, expanded rapidly during Clinton’s second term.
Higher tax rates on the wealthiest Americans, strong economic growth and continued restraint in government spending produced a budget surplus of US$69 billion in 1998. The surplus peaked in 2000 at $236 billion before falling to $128 billion in 2001. The surplus – which hasn’t been seen since – allowed the U.S. to pay down the national debt by over $450 billion.

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat
House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
