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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 some guy on his computer lying to you. The facts are on the government run websites...don't use Fox, MSNBC , FactCheck, or others because they are going to do the same thing Clinton did...Lie.
How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.
For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$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).
If there is ever a true surplus, then the national debt will go down.
the national debt did not go down one year during the Clinton administration.
FY1993 $4.411488 trillion
FY1994 $4.692749 trillion
FY1995 $4.973982 trillion
FY1996 $5.224810 trillion
FY1997 $5.413146 trillion
FY1998 $5.526193 trillion
FY1999 $5.656270 trillion
FY2000 $5.674178 trillion
FY2001 $5.807463 trillion
What else can I help you with?
Did president bush inherit a budget surplus fron president Clinton?
When Bill Clinton left office it was believed that he left with a budget surplus. It has since been reported that there was no actual surplus; it was all "on paper."
US president to be in office when the government had a budget surplus was?
The government had a surplus during some of Hoover's years in office . There was a 12-month period during which there was a surplus under Clinton . Of course, Congress controls the budget, the President can only make suggestions but sometimes he can spend less than he was authorized to spend by Congress.
Massive tax cuts during a recession will create?
either a. a budget surplus b. a budget deficit c. a budget balance
Who was in the majority the house and senate during Bill Clinton 2 terms?
No he did not have majority in the house and senate when he balanced the federal budget and had a surplus!
When the government runs a budget deficit what must in eventually do in order to pay back its debt?
have a budget surplus
Did the new deal program create a surplus in the federal budget?
No, the New Deal program did not create a surplus in the federal budget. Instead, it led to increased government spending aimed at economic recovery during the Great Depression, resulting in budget deficits. The various programs and reforms implemented under the New Deal were designed to stimulate the economy and provide relief, but they did not achieve a balanced budget or surplus during that period.
Did Bill Clinton's policies hurt America's economy?
No, Bill Clinton was responsible for the first balanced budget in years. When he left office, there was a booming economy and federal budget surplus. Had things continued on that track, the debt would be much, much lower than it is today.
What year did bill Clinton balance the budget?
Bill Clinton did not technically balance the budget during his presidency. However, he did make significant progress in reducing the federal deficit, and his administration projected a balanced budget for fiscal year 1999. Ultimately, it was during the presidency of George W. Bush in 2001 that the United States experienced a brief period of budget surplus.
How much surplus did us have when Clinton left office?
Clinton ran deficits throught all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clintons term. Every year Clinton was in office, the total national debt continued to climb. How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus. For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed $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). If there is ever a true surplus, then the national debt will go down. the national debt did not go down one year during the Clinton administration.
Can you make a sentence with Budget surplus?
The government could invest now because of the budget surplus that they had.
When does a budget surplus result?
A budget surplus results when the goverment collects more money than it spends.
When revenues exceed expenditures, _____.?
there is a budget surplus
