The last federal surplus was in 2000-2001 under the Bush administration.
in 1998 the United States achieved its first federal budget surplus
an economic downturn, costs associated with the war on terrorism, and a cut in federal taxes
A surplus.
a federal budget deficit
The principal difference is time perspective: marketable surplus is produce that a farmer currently has on hand to take to market to earn a profit, while marketed surplus is what she has already taken to market to earn a profit.
Federal Surplus Relief Corporation was created in 1933.
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
yes
in 1998 the United States achieved its first federal budget surplus
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the surplus became a deficit
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.
The last U.S. government budget surplus occurred in fiscal year 2001, when the federal government recorded a surplus of approximately $128 billion. Since then, the U.S. has generally run budget deficits, driven by factors such as increased spending and tax cuts. The surpluses of the late 1990s and early 2000s were largely attributed to strong economic growth and rising tax revenues.
Food Surplus lasts for 746 days!
a decrease in government spending
the surplus became a deficit
an economic downturn, costs associated with the war on terrorism, and a cut in federal taxes