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Politics : Don't Blame Me, I Voted For Kerry
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To: Rainy_Day_Woman who wrote (13984)4/11/2004 2:01:50 PM
From: American SpiritRead Replies (1) of 81568
 
Clinton's $123 billion surplus in 1999 is the largest dollar surplus in history, even after adjusting for inflation; The surplus, expected to be about 1.4% of GDP, is the largest surplus as a share of the economy since 1951; 1999 is the second year in a row of surplus, marking the first back-to-back surpluses since 1956-57;
This is the first time in U.S. history that we've experienced seven years in a row of fiscal improvement.

The Largest Debt Reduction in History:

Over the last two years, America has paid down $140 billion in public debt, the largest debt pay-down ever;
The debt held by the public is $1.7 trillion lower than was projected when President Clinton took office;
As a result, in 1999 alone, interest payments on the debt were $91 billion lower than projected.

I don't know which figures you were using but the Times Square Debt Clock was running backwards for quite a while during the later Clinton years. Whoever was running that clock sure found debt being paid off. Clinton also gave us a surplus and very big one as he left office. That quickly turned into the largest deficit in history under Cheney-Bush. Amazing how fast they turned things around huh? Where did all the money go? To the top.
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