Quote:
Originally Posted by Jaxian  I do not mean to question Reagan's handling of the cold war. But a large amount of debt is bad for the economy, and it needs to be paid off in times of prosperity. Even with the Cold War, I think that Reagan and Bush Sr. could have done more to balance their budget. But even if they could not, Clinton was certainly correct for raising taxes and cutting spending to reduce the deficit. |
You claim Clinton was certainly corrent for raising taxes and cutting spending to reduce the deficit. Well now, can you tell me where in these numbers the "surpluses" Clinton had was used to pay off the national debt??
Prior Fiscal
Years
09/29/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/28/2001 $5,807,463,412,200.06
09/29/2000 $5,674,178,209,886.86
09/30/1999 $5,656,270,901,615.43
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
Bureau of the Public Debt : The Debt To the Penny
Looks to me that the national debt was rising during the Clinton administration. hmmmm...
The only difference that I see between Clinton and Bush, is that Clinton ignores terrorism, which in return prones us to attack on American soil. Bush decided to fight terrorism because of 9/11, and since then, no attacks on American soil. Do remember that a tragedy here on American soil hurts our economy dramatically.