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To: C210N
Re: "we have never paid a plug nickel in principle of the $31 Trillion+++ in debt."

Actually - one fiscal year under Clinton, in the late 1990s, total USA federal debt actually declined.

Many factors converged at the same moment...

(1) The 1994 Gingrich Insurrection briefly caused real reductions in federal spending.

(2) Dot.com stock market gains created record capital gains tax revenue.

(3) The death rate for Baby Boomer parents peaked and caused record death tax revenue.

(4) We briefly had record employment numbers and very low inflation.

(5) The price of oil briefly collapsed to near $10 a barrel, which eliminated our trade deficit for the first time in decades.

17 posted on 03/08/2023 7:47:51 AM PST by zeestephen (43,000)
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To: zeestephen
Actually - one fiscal year under Clinton, in the late 1990s, total USA federal debt actually declined.

What year was that... 1995, 96, 97, 98, 99, or 2000??


18 posted on 03/08/2023 8:03:24 AM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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