The facts don't seem to make an impression on some of you. Which party controlled the House from 1994-2006? Under the Clinton administration, did the debt grow more slowly or quickly? Under the Bush administration, did the debt grow more slowly or quickly?
In 1998, the Federal budget reported its first surplus ($69 billion) since 1969. In 1999, the surplus nearly doubled to $125 billion, and then again in 2000 to $236 billion.[1] However, the budget has returned to a deficit basis, and the estimated U.S. deficit for fiscal year 2009 is $482 billion, the largest federal budget deficit ever recorded in United States history.
On the other hand, I think we can agree on this:
The Government Accountability Office points out that without entitlement reform, deficits and the U.S. public debt will rise to unsustainable levels. Current debt has yet to approach levels seen after WWII
In 1998, the Federal budget reported its first surplus ($69 billion) since 1969. In 1999, the surplus nearly doubled to $125 billion, and then again in 2000 to $236 billion.[1] However, the budget has returned to a deficit basis, and the estimated U.S. deficit for fiscal year 2009 is $482 billion, the largest federal budget deficit ever recorded in United States history.
On the other hand, I think we can agree on this:
The Government Accountability Office points out that without entitlement reform, deficits and the U.S. public debt will rise to unsustainable levels. Current debt has yet to approach levels seen after WWII
Comment