How high was the national debt when Bill Clinton left office?
Question by American citizen and taxpayer: How high was the national debt when Bill Clinton left office?
Was there a surplus in this account, or a substantial national debt?
Best answer:
Answer by Dave87gn
the debt was like 5 trillion and there was a several hundred billion dollar budget surplus that Clinton handed to Bush…which he gave to the rich in tax cuts…and then borrowed more money for MORE tax cuts
Know better? Leave your own answer in the comments!
http://en.wikipedia.org/wiki/Presidency_of_Bill_Clinton
Roughly 5 trillion dollars in debt. No surplus; a projected surplus, but then again, every president shows how we could generate a surplus in 10 years, and all the projected surplus plans call for the same thing: stop spending!
Thanks to the Republicans in Congress during Clinton’s time — and our not being involved in major wars — the gross debt stabilized a little around 7.5 trillion dollars.
It grew to a little over 8 trillion in 8 years under Bush — who had to fight a couple of wars, you know.
It sky-rocketed under Obama — 12 trillions already, though he is only 1.5 years in office…
It was around $ 6 trillion, the budget did get balanced on one budget year, Bush doubled it to $ 12 trillion in 8 years spending more than all previous Presidents combined, Obama has added a little over a trillion so far. Remember Obama’s first budget had the Bush bank bailout in it $ 850 billion. Bush was a disaster and when oil went to $ 150 a barrel it started this depression.
5-6 Trillion in the hole but liberals will say he had a surplus.Guess basic math escapes them.