Quote:
Originally Posted by Guest
I DID look it up and it has not been paid down since Eisenhower. Apparently, you are too lazy to do your research or you would know better than to trust liberal talking points.
The national debt has not been paid down since 1957.
TreasuryDirect - Home |
It will take a little reading but here it is. I have posted this before.
The Budget and Deficit Under Clinton
"Some readers wrote to us saying we should have made clear the difference between the federal deficit and the federal debt. A deficit occurs when the government takes in less money than it spends in a given year. The debt is the total amount the government owes at any given time. So the debt goes up in any given year by the amount of the deficit, or it decreases by the amount of any surplus. The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased."