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Politics : PRESIDENT GEORGE W. BUSH

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To: DMaA who wrote (332491)12/22/2002 11:39:09 AM
From: American Spirit  Read Replies (1) of 769670
 
President Clinton announces another record budget surplus
From CNN White House Correspondent Kelly Wallace

September 27, 2000
Web posted at: 4:51 p.m. EDT (2051 GMT)

WASHINGTON (CNN) -- President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion.

"Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."
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