I’ve known about this for years, but now Craig Steiner has taken the time to lay it all out with the numbers and the facts. Steiner also explains that it was the usual doublespeak and government “arithmetic” that made it look like the U.S. government had a surplus.
| Fiscal Year |
Year Ending |
National Debt | Deficit |
| FY1993 | 09/30/1993 | $4.411488 trillion | |
| FY1994 | 09/30/1994 | $4.692749 trillion | $281.26 billion |
| FY1995 | 09/29/1995 | $4.973982 trillion | $281.23 billion |
| FY1996 | 09/30/1996 | $5.224810 trillion | $250.83 billion |
| FY1997 | 09/30/1997 | $5.413146 trillion | $188.34 billion |
| FY1998 | 09/30/1998 | $5.526193 trillion | $113.05 billion |
| FY1999 | 09/30/1999 | $5.656270 trillion | $130.08 billion |
| FY2000 | 09/29/2000 | $5.674178 trillion | $17.91 billion |
| FY2001 | 09/28/2001 | $5.807463 trillion | $133.29 billion |
Here’s Part II of The Myth of the Clinton Surplus.
[Thanks to David Barrow]
5:08 pm on November 26, 2012
