National Debt/Surplus?

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by Slimslam, Dec 21, 2004.

  1. Slimslam

    Slimslam New Member

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    Left-wingers argue that while President, Bill Clinton reduced the national debt and actually created a surplus in the general fund, whereas, Bush has spent the surplus into oblivion resulting in record deficits. I can't imagine that this country has ever had a surplus of funds during the past 30 years. Can anyone explain the truth or recommend an objective source to find out? Thanks
    ss
  2. IShootBack

    IShootBack Active Member

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    A guy named Mike Savage has a good book that may help titled "The Savage Nation".

    I read through parts of it and found his answers logical and without exaggeration.

    My$.02
    Last edited: Jan 19, 2013
  3. Marlin

    Marlin *TFF Admin Staff Chief Counselor*

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    It's a superb book. All should read it.
  4. pickenup

    pickenup New Member

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    I have looked for that info too. And I may be wrong, and will stand corrected if facts are given. But the best I could come up with was that the “surplus” that they are talking about with Clinton, was only a “PROJECTED” surplus on PAPER. IF we did this, and IF we did that, THEN in ??? YEARS we would have been out of debt. It never actually came down to HAVING a surplus.

    Of course Bush has shot all hopes of that happening
    (In our children’s life time) all to....ah....heck.
  5. Carl S

    Carl S New Member

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    You are absolutely correct. There was no surplus money "in the bank"; it was all projected on paper. The Clinton administration engaged in deficit spending also. A true surplus is taking in more revenue that we spend. That has not happened in many. many years under any administration.
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