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The Clinton Surplus Myth

jdelligatti Wrote: Aug 15, 2012 11:32 PM
I didn't read the whole article; however, I've studied the same issue. Clinton's claim was touted in general terms as a "reduction to the deficit". This was media bait and switch. Bill Clinton reduced the deficit of the annual budget. So each year's budget required less debt funding than the previous year. Pretty sleazy advertising, right? He didn't reduce our overall deficit at all - in fact, he increased it every year overall. Additionally, just like Massachusetts liberals claim about Romney, Bill Clinton left a huge structural debt. IOW He put off a lot of necessary maintenance for the next president to deal with, reduced our military to a level that is too low (many say that it led to 9/11), and signed the fair housing stuff.

Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration. 

The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last...