And oddly enough, during the "Clinton Surplus" years, the national debt continued to increase.seamusTX wrote:During the late 1990s, the federal government had more income than spending, but it still had debt incurred in earlier years.
Creative accounting - they assert there's a "surplus" by not considering interest payments on prior debt and not counting future obligations.
Hmmm - I wonder how many people are "in the black" if they don't consider things like mortgage interest, and they continue running up credit card debt?