
Originally Posted by
goodnottygy
That IS a lot of dough. Lets not forget, we were in the black 8 years ago. I was not a Clinton fan, but we were at least in the black...
Just an FYI - we had a budget surplus (meaning more tax money coming in than was being spent) for about 3 years, but the nation still had a large debt. In fact, when Clinton took office in 1993 he inherited a $4 trillion debt. When he left in 2001 Bush inherited a $5.5 trillion debt. Now if your point is that Bush spent way too much while in office, I totally agree.
Just want everyone to be clear on the fact that this country has had debt (owed money) since the turn of the 20th century.
Off the Porch and lovin' it...
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."
- Marcus Tullius Cicero - 55 BC
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