Quote:
Originally Posted by Grifis
There was a surplus? We can have a deficit and surplus at the same time?
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there's public debt surplus... but a negative U.S. national debt with a result of increasing the U.S. deficit. prez Clinton and his admin. did produce a budget showing a surplus, but the U.S. deficit increased.
what he did was only pay down the public debt... he paid down the public debt by borrowing more money in the form of intergovernmental holdings
... again, president Clinton did not pay down the U.S. deficit!