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The myth of the Clinton surplus

July 23 2009 at 9:55 PM
Anonymous 

 

Let's dismiss this urban legend once and for all.

Verifying this is as simple as accessing the U.S. Treasury 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:

Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion

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.

 
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Responses

  1. Re: The myth of the Clinton surplus - Anonymous on Jul 24, 9:35 AM
    1. Google it my friend - Anonymous on Jul 24, 4:48 PM
      1. Comrade, I supplied the actual numbers from the Treasury. - Anonymous on Jul 24, 4:54 PM
     
  2. FACT CHECK - Anonymous on Jul 24, 5:17 PM
    1. Let's check it shall we. - Anonymous on Jul 24, 6:42 PM
      1. You have got to be the most clueless person.... - Anonymous on Jul 25, 5:02 PM
        1. Re: You have got to be the most clueless person.... - Anonymous on Jul 25, 6:53 PM
        2. facts and data usually work - Anonymous on Jul 25, 9:56 PM
          1. Sorry Reps, Libby got you on this one - Anonymous on Jul 26, 8:01 PM
            1. Re: Sorry Reps, Libby got you on this one - Anonymous on Jul 27, 9:04 AM
            2. not really - Anonymous on Jul 28, 10:24 AM
     
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