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Reply #281: Uhm, he did NOT lower the overall debt [View All]

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techconomy Donating Member (43 posts) Send PM | Profile | Ignore Wed Nov-24-04 04:19 PM
Response to Reply #273
281. Uhm, he did NOT lower the overall debt
You are absolutely, 100% wrong on the total federal debt under Bill Clinton. It actually increased over 20% during his two terms. You are confusing debt with deficit. Deficits are current fiscal year, debts are aggregate. The first column on this page lists the total federal debt, are you saying it decreased during the Clinton years?

http://www.concordcoalition.org/federal_budget/charts/federaldebt.htm
http://www.inmff.net/peidm/files/TheGoodies.pdf

Total federal debt as a percentage of GDP hit a 10 year low about a year ago whereas it hit the highest rate since the Korean war under Clinton.

http://www.publicdebt.treas.gov/opd/opd.htm

If you are in a so-called blue state why are you complaining about state tax increases? If you think tax cuts are bad news, then you must want and like tax increases. So, both sales and state local taxes increasing should be something you are happy about it would follow.

I absolutely mistyped when I said month and I appreciate you pointing it out. I had initially meant year he was in office, but it was actually somewhere around 1/2 the years he was in office the debt ceiling was increased. On Clintons first day in office the debt limit was 4,145,000 he left with it at 5,950,000 hardly a slight increase. These numbers are freely available at the above sites.



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