How much surplus did the US have when Clinton left office?

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.

http://www.factcheck.org/askfactcheck/during_the_clinton_administration_was_the_federal.html

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http://www.factcheck.org/askfactcheck/during_the_clinton_administration_was_the_federal.html

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