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How much was bush's surplus.... (Original Post)
maynard
Sep 2012
OP
JaneyVee
(19,877 posts)1. Well, we were supposedly on a $200Billion surplus trajectory.
kentuck
(111,110 posts)2. About $235 billion, I think?
And he still had a surplus, however much smaller, going into 2002. But then, started running a deficit at the end of 2002.
NashvilleLefty
(811 posts)3. Posted on CNN 9/27/2000
http://articles.cnn.com/2000-09-27/politics/clinton.surplus_1_budget-surplus-national-debt-fiscal-discipline?_s=PM:ALLPOLITICS
Shame.
President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion."This represents the largest one-year debt reduction in the history of the United States," Clinton said Wednesday morning. "Like our American athletes in Sydney, we've been breaking records and have come a long way."In June, the administration predicted the surplus would be $211 billion, and would increase by as much as $1 trillion over the next 10 years.Clinton also announced the federal government paid down the national debt by $223 billion this year, and by more than $360 billion since 1998, the largest debt reduction in U.S. history."The key to fiscal discipline is maintaining these results year after year. We need to put our priorities in order," Clinton said.
Shame.