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And people always make it sound like our debt was ZERO during Clintons time. Don't be fooled. They are talking about FISCAL budgets... as in, for that year, they didn't steal more money than they took in, and so they had a little left over that was applied to the debt.
During Clinton's presidency though, the national debt did do the unfathomable - it went down a little (at least they way they reported it, I dunno the facts).
I was just reading that one year (2000?) the budget surpls was like $230 billion.... ok, but did they apply it to the national debt? or does it get automatically applied or what? I think they have to apply it to the debt... write a check to the FRB or something.
If we had _30 years_ of those rare surplus years @ $230 billion a year, AND applied 100% of it to the national debt, AND if the national debt didn't accrue futher interest during those 30 years (wouldn't that be nice) -- then we could pay off the national debt.
The bottom line is we're slaves.
We always will be.
And they love it.
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