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(PeteCresswell) (PeteCresswell) is offline
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Default The government ruined the gas can...

Per Kurt Ullman:
Not really. The surplus peaked in FY 2000 (starting in October of 1999)
and was gone by the first Bush budget (you have to remember that the
first BB wasn't until FY 2002 which would have been put in place October
2001.) But, hey, thanks for playing.


Maybe somebody can comment on:
http://www.cbo.gov/sites/default/fil...nfographic.pdf

Understood that deficits/surpluses are technically different from debt
as a percent of GDP.

My reading is that when Clinton left office in 2001, the US Debt was 32%
of GDP. In the ensuing years, it went up, not down. Way up after the
financial crisis... but always up post-Clinton.

Also, as I read it, the next closest to that 32% after Clinton was the
26% after Carter.

I'm assuming that "cbo.gov" is the Congressional Budget Office.

Is there room for differences of fact here?
--
Pete Cresswell