WebMar 9, 2009 · For those that want a more detailed explanation of why a claimed $236 billion surplus resulted in the national debt increasing by $18 billion, please read this follow-up article. Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget ... WebJan 9, 2012 · Did Bill Clinton run a surplus? Plus: Our Titanic Moment ... “when Bill Clinton left office there was a government surplus, ... (e.g., The Gingrich Divorce Myth) would show. But research, even ...
Clinton balanced budget a myth Opinion times-news.com
WebPresident Clinton proposes to devote the entire Social Security surplus to reduce and finally eliminate the Treasury debt held by the public. He reasons that "creating a debt-free … WebJul 17, 2011 · The Myth of Clintonomics Bill Clinton did nothing to create economic success, there was no surplus under Clinton, and there was a big crash at the end of his administration. Economic success under Clinton was the result of the dot com bubble, gridlock in Congress, and his inheritance of both cheap oil and the end of the Cold War – … sega support total war
The Myth of the Clinton Surplus? - Democratic Underground
WebMay 9, 2024 · Just about every part of this Democratic myth is wrong. First, Clinton’s tax increases and spending cuts did not balance the budget. In 1996, after all the tax increases and spending cuts had been passed into law, the Congressional Budget Office (CBO) projected a deficit equal to 2.7 percent of GDP for 2000. Instead we ended up with a … WebIn 2001, the CBO projected that the total Clinton surplus of about $280 billion would balloon to $5.9 trillion worth of cumulative surpluses through 2011, when in reality the … WebOct 8, 1998 · Let us establish one point definitively: Bill Clinton didn’t balance the budget. Yes, he was there when it happened. But the record shows that was about the extent of his contribution. Many in ... sega swirl dreamcast rom