🚀 go-pugleaf

In article 
<b0bf4e48-d802-4ce9-a5b6-426af850b9a7@h21g2000yqa.googlegroups.com>,
 "mr dude@harvarduniversity.edu" <fosterfla@gmail.com> wrote:

> On Jul 19, 8:01�am, Robert of St Louis <free.tun...@gmail.com> wrote:
> > Bush was handed a SURPLUS,
> 
> How fucking stupid are you?????
> 
> Clinton NEVER had a surplus you fucking blind ignorant lemming!!!!
> 
> Clinton last fiscal quarter national debt was $5,674,178,209,886.86

If you get more in revenue than you spend in a given year, that's 
referred to as a surplus.  Most of that debt was accumulated during 
the Reagan and 1st Bush administrations.  

     In billions of dollars:
Year      Revenue Expenditure
1998      1721.8    1652.6
1999      1827.5    1701.9
2000      2025.2    1788.8

It's true this is not the whole picture.  It's possible for interest on 
the national debt to cause total debt to increase, even when you 
have a surplus.  

Also most figures for "national debt" include money that the Treasury
owes to the Social Security Administration.  It's funny money because
the federal government is both the creditor and the debtor.  But the 
Treasury Department counts it because it represents spending that the 
government has committed to doing in the future -- unless Congress 
decides otherwise.  So it's on the balance sheet as a liability.  

The actual public debt at the end of FY2000 was $3409.8 B.