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Remember the last 3 months of the Clinton Presidency?

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 08:55 PM
Original message
Remember the last 3 months of the Clinton Presidency?
http://archives.cnn.com/2000/ALLPOLITICS/stories/09/27/clinton.surplus/

<snip>
WASHINGTON (CNN) -- President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion.

"Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."

Instead, the president explained, the $5.7 trillion national debt has been reduced by $360 billion in the last three years -- $223 billion this year alone.

This represents, Clinton said, "the largest one-year debt reduction in the history of the United States."

....more
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groundloop Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:02 PM
Response to Original message
1. Gee, what happened after that?
:sarcasm:

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Vinnie From Indy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:03 PM
Response to Original message
2. And then NAFTA began in earnest sending American jobs out of the country
Ross Perot was right about the giant sucking sound.
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:05 PM
Response to Reply #2
4. Which we didn't hear about thanks to the media-consolidating Telecom Act
...while rich people were laughing all the way to the newly deregulated banks, and poor people were busy going from welfare to wage slavery

:banghead:
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donheld Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 11:26 PM
Response to Reply #4
9. Isn't this what Ross Perot warned us about
We did hear about it, we just didn't listen and, as usual in the United States of Amnesia, we forgot about.
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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:04 PM
Response to Original message
3. The country was doing so well he cut women and children from assistance.
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no limit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:14 PM
Response to Original message
5. I remember this:
Clinton Lobbies On China Trade Bill: http://news.google.com/newspapers?id=8LEcAAAAIBAJ&sjid=-lIEAAAAIBAJ&dq=bill%20clinton&pg=3246%2C201756

and this:

Clinton To Defend Globalisation At Davos Despite Grass Roots Protest: http://news.google.com/newspapers?id=U8wyAAAAIBAJ&sjid=ZBQEAAAAIBAJ&dq=bill%20clinton&pg=4340%2C1789082


And thats just in the last few months of his presidency.
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Rage for Order Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:18 PM
Response to Original message
6. Federal budget for 2000: $1.8 trillion. Budget for 2011: $3.69 trillion
Almost $2 trillion more in just 10 years. WTF???

:wtf:

http://en.wikipedia.org/wiki/United_States_federal_budget

* 2012 United States federal budget - $3.7 trillion (submitted 2011 by President Obama)
* 2011 United States federal budget - $3.8 trillion (submitted 2010 by President Obama)
* 2010 United States federal budget - $3.6 trillion (submitted 2009 by President Obama)
* 2009 United States federal budget - $3.1 trillion (submitted 2008 by President Bush)
* 2008 United States federal budget - $2.9 trillion (submitted 2007 by President Bush)
* 2007 United States federal budget - $2.8 trillion (submitted 2006 by President Bush)
* 2006 United States federal budget - $2.7 trillion (submitted 2005 by President Bush)
* 2005 United States federal budget - $2.4 trillion (submitted 2004 by President Bush)
* 2004 United States federal budget - $2.3 trillion (submitted 2003 by President Bush)
* 2003 United States federal budget - $2.2 trillion (submitted 2002 by President Bush)
* 2002 United States federal budget - $2.0 trillion (submitted 2001 by President Bush)
* 2001 United States federal budget - $1.9 trillion (submitted 2000 by President Clinton)
* 2000 United States federal budget - $1.8 trillion (submitted 1999 by President Clinton)
* 1999 United States federal budget - $1.7 trillion (submitted 1998 by President Clinton)
* 1998 United States federal budget - $1.7 trillion (submitted 1997 by President Clinton)
* 1997 United States federal budget - $1.6 trillion (submitted 1996 by President Clinton)
* 1996 United States federal budget - $1.6 trillion (submitted 1995 by President Clinton)
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:18 PM
Response to Original message
7. Nice try, Bill
:rofl:
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:22 PM
Response to Original message
8. Bush and the Neocons needed a catalyst to send the economy over the edge.
The Clinton years were a horrible embarrassment to the GOP, who invested their all into the ideology that Democrats and evil socialist programs were destroying the country. With no wars, a good economy...what was a poor billionaire capitalist to do in order to restore the GOP cold war gravy train? A couple of wars and some massive unfunded obligations would certainly do the trick. A willing (and literally bought-and-paid-for) media would help immensely.

That's where we are today.
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