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Yeah and Clinton signed a budget that would have zero deficit. Only problem it would be 10 years after he left office.
They need to sit down with ALL expenses in programs... CUT a bunch of shit.. and reduce other programs.
Congress works 180 days a year, reduce their pay.
When Bill Clinton took office in January 1993, the federal budget deficit was projected to be $310 billion that year, or about 5 percent of GDP. The Congressional Budget Office was also projecting that five years later, in 1998, the federal budget would still be in the red to the tune of $357 billion, or 4.5 percent of GDP. At the time, the CBO called the deficit outlook, “grim.”
Five years later, the United States enjoyed its first federal budget surplus in nearly 30 years—an incredible turnaround given the bleak projections at the beginning of the Clinton administration.
Amazing how the Democratic party can fix all the Repubicain screw ups
When Bill Clinton took office in January 1993, the federal budget deficit was projected to be $310 billion that year, or about 5 percent of GDP. The Congressional Budget Office was also projecting that five years later, in 1998, the federal budget would still be in the red to the tune of $357 billion, or 4.5 percent of GDP. At the time, the CBO called the deficit outlook, “grim.”
Five years later, the United States enjoyed its first federal budget surplus in nearly 30 years—an incredible turnaround given the bleak projections at the beginning of the Clinton administration.
Amazing how the Democratic party can fix all the Repubicain screw ups
Originally posted by Phil B.
Umm he had a republican house. House majority leader Newt Gingrich.
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Lets see, five years after 1993 would be 1998. In 1998 even though there appeared to be a surplus, there was actually an increase in the National Debt of $113 billion. In fact the National Debt increased every year under Clinton. The last time the National Debt decreased was in 1956 and 1957 when Eisenhower was president
Interest on the debt is not included in the budget.
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