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The Clinton Surplus Myth

jdietz Wrote: Aug 15, 2012 10:18 PM
Over 50% of the national debt is owed back to the American people. The Libs figure with obamascare the people they owe will die quicker and no worries about the debt.

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...