What would you like to do?

When was the last time the US had a budget surplus?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Clinton did not have a surplus of $230B in the year 2000 because he had to borrow $246.5 From numerous other off budget funds. Clinton NEVER ran a surplus during his 8 years in office, he just borrowed yearly from different budgets, (primarily the SS budget) to offset the general fund losses. In 2000 the following funds were borrowed which resulted in a $16.5 deficit.

$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).

The last time the federal government ran a true suplus was 1969, the total surplus was $3.2B and before that was $1960, $.3 B

Translation, when you are taking more than you are spending,, that is a surplus, and we were not taking in more than we were spending under Clinton.
+ 42 others found this useful
Thanks for the feedback!

How did Clinton create a budget surplus?

He borrowed money from off budget funds! Here is a basic run down, but follow the links to the government website to seek the truth for yourself so you will know its not just

Who was the last president to have a surplus in the federal budget?

George W. Bush for the 2001 year. Had a surplus of over $142,000,000 Source is the related link.

What is surplus budget?

A surplus budget is a year in which more money is taken in than is  spent. This situation is very unusual in recent years, but did  occur a couple of times in the 1990s.

Which president had a budget surplus?

Clinton had the first budget surplus since 1960. A gift that G.W. Bush manage to eliminate with tax cuts and increased spending.

What is budget surplus?

If you are budgeting money, then budget surplus refers to money that is left unspent. If you were budgeting say time, then budget surplus refers to unused time.

What is surplus budget and deficit budget?

If the Government expenditures are more than government receipts  this situation represents Budget Deficit and if the government  expenditures are less than the government r

What years has the us had a budget surplus?

The Clinton years had a surplus. When Bush took office he had a surplus to work with and he used it.