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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (76597)12/20/2006 4:48:09 AM
From: KyrosL  Read Replies (1) of 206347
 
OT The idea that all governments use taxes to increase spending rather than cut deficits is incorrect. For example, Clinton's government used increased taxes to systematically cut the deficit every single year except one while he was president.

Here are Clinton's deficits. The numbers are derived from year end outstanding debt, which includes the social security debt IOUs. They can be found at the US Treasury site at the end of my post.

Clinton inherited this 1992 deficit from Bush : 399 billion

1993 347 billion -- reduced by 52 billion
1994 281 billion -- reduced by 66 billion
1995 281 billion -- no change
1996 251 billion -- reduced by 30 billion
1997 188 billion -- reduced by 63 billion
1999 130 billion -- reduced by 58 billion
2000 18 billion -- reduced by 112 billion

So Clinton reduced the deficit by an average of 48 billion per year, leaving a trivial deficit of 18 billion in his final year.

publicdebt.treas.gov
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