Thread: The Clinton / Bush Recession
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Old 01-25-2007, 10:40 PM   #43 (permalink)
Jaxian
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Quote:
Originally Posted by RidinHighSpeeds View Post
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...
You are measuring the dollar value of the national debt. This number is meaningless. The national debt is properly measured as a percentage of the GDP. Let me reference some of my previous posts in this thread, where I had discussed this:

http://www.defendingthetruth.com/bud...html#post69496 (The Clinton / Bush Recession)
http://www.defendingthetruth.com/bud...html#post69594 (The Clinton / Bush Recession)

If nothing else, look at the graph in that second link. It will answer the questions you posed.

Quote:
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.
As I stated in my original post, the terrorist attack on 9/11 was part of the cause of the recession. I do not mind fighting a war to prevent that attack from happening again. However, the war in Iraq was not related to 9/11 and was a bad decision, especially considering that we were debatably still in Afghanistan. Furthermore, the war is not the only place Bush increased spending. Where are his spending cuts? He left that to Clinton, I guess.
-Jaxian