How much surplus did the US have when Clinton left office?
U.S. National Debtwww.ourfiscalfuture.org
Will the national debt push us over the falls? Find out.
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Clinton ran deficits throught all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt throught Clintons term. (http://www.treasurydirect.gov/NP/BPDLogin?application=np)
Every year Clinton was in office, the total national debt continued to climb.
How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.
For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others
Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).
If there is ever a true surplus, then the national debt will go down.
Read more: http://wiki.answers.com/Q/How_much_surplus_did_the_US_have_when_Clinton_left_office#ixzz18U1QdLl0