bschwatka Wrote:
Nov 16, 2012 8:59 PM
JC no he did not. Look up Intragovernment holdings. Everyyear even during his surplus years the national debt increased. Since we pay our interest payments every year then it should have gone down or stayed the same but it did not. Why cause the administration did a hocus pocus with accounting and said it didn't borrow money cause it borrowed money from itself. He never once had a surplus.