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We had a surplus under Clinton (well after Nuclear Arms race) which was parlayed into deficit by Bush tax cuts.
by ckemere 1y ago
We had a surplus under Clinton (well after Nuclear Arms race) which was parlayed into deficit by Bush tax cuts.
- reenorap 1y agoI misused the word "surplus". Surplus is talking about a net positive in terms of government income less spending. What I meant was total government debt. Yes we had surpluses under Clinton but the US was still deeply in debt. We went from the largest creditor nation to the largest debtor nation in the world under Ronald Reagan.