Originally Posted by Bacchus
Clinton left office with a balanced budget. Bush then came in started two wars, had two separate tax cuts and did the MedicareB program and paid for ZERO of them.
We had a temporary balanced budget based on a lot things beyond Clinton's control. The second half of the '90's were fueled by the dot-com boom. The "5.6 trillion surplus" over ten years was an optimistic projection based on the current boom to break even on the 5.6 trillion debt. It would have been a historic financial position we haven't seen since Andrew Jackson paid off the debt. It doesn't matter who the President is, we weren't going to pay off the debt, and we never will in our lifetimes.