"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."
But the deficit wasn't eliminated. The debt still increased. The deficit was "eliminated" by raiding the social security trust fund, which must be re-paid. So Clinton effectively borrowed money, called it income, and said we had a surplus when we didn't.
Moreover, the only reason we can close to balancing the budget, was because of republicans contract with America that focused on balancing the budget. Just look at the deficit history. It was sharply growing until 1995 when... *shock* the republicans got control of both houses!
"It is the third year in a row the federal government has taken in more than it spent, and has paid down the debt. The last time the U.S. government had a third consecutive year of national debt reduction was 1949, said the official.
How come I have to educate you constantly? Let's see who's lying. I say the debt never went down, and increased every single year. You say there was a surplus because you read some lame blog or whatever the supports that theory. Let's find out....
Huh... well now... you tell me which year it was that we had the huge surplus? Where's the year the debt went done? Can you point out which year it was? Tell me Shaman! WHERE THE HECK IS THE SURPLUS!?!?!
How you like that one Shammy boy? No Limbaugh, who is actually very thin. No blogs or other lame opinion article from some no name internet user... Nope the government's own records prove your stupidity from the Clinton era wrong!
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