Remember when George H W Bush’s policies carried over into a roaring stock market in which Bill Clinton took the credit? The National Debt was almost paid off as a result. Then in Clinton’s last year it went into free fall and Clinton did nothing to stop it.
It surged under G W Bush and then again went into free fall his last year.
Now I suppose Obama will grab the credit for this stock market surge, but just how close is the USA to getting out of the National Debt as a result, and will it go into free fall before the next election?
The yearly deficit was nearly gone but nobody has touched the national debt in my lifetime.
The national debt continued to rise.