When President Clinton left office was our country in debt?

Question

When President Clinton left office was our country in debt?

Answer 1

As those who knew what they were talking about said, yes we were in debt. there is a lot of confused people who think deficit equals debt.  As the previous poster indicated the government is run like a corporation. Before the downturn due to bad management in the Mortgage industry, The debt to income ratio was the lowest it had been.

As for the person who commented about Clinton unemployment. before the downturn the unemployment numbers were below the point considered 100% employment. Clinton never even came close.

Answer 2

Hun, our country has been in debt for many years.......From supporting and rebuilding other countries that we have bombed in wars, helping other countries with food (even though our own country has homeless people on the white house grounds, right by the fence). I don't understand it and never will, this politics thing, but yes, we have been in debt for many many years.....Too bad that Bush has gotten us into the TRILLIONS of dollars......

Answer 3

What if one does not know how to spend it.

Don't even know how to sign credit cards or  letter of credit.

Then can borrow some more.

Luke 16.1-8

What do you think?

Answer 4

Yes..we were in debt to the tune of 7 trillion dollars. However, he was making strides by running a surplus, and not the current deficit this administration is running now.

Answer 5

No, we had a surplus of money and Bush pissed it all away.

Answer 6

Our country has, and always will be, in debt. The United States is not really a country at all, but rather a corporation, in effect a corporation of debt. And we the people are in fact debtor slaves to this corporation. In fact, the President of the United States does not really work for the people, but in fact, works for the royal family in Britain. He is just the President of this corporation we call the United States. All Presidents of this corporation are, in fact, hand picked by the royal family of Britain. The elections that are held every four years are nothing but a show to keep us believing that we the people have all the control on who gets elected. We don't have any control on who gets elected, and we never did. In short, this corporation is a debtor corporation with a national debt of more than 9 trillion U.S. dollars, more than nine/tenths the entire worlds wealth. Chew on that for awhile, because it is in fact the truth. By the way, the U.S. dollar is absolutely worthless because of this massive debt, which really means that because of the national debt, there is really no money at all. Don't take my word for it. Do your own research to find out why this is the way it is.

Answer 7

No, he left office with a surplus.....

Answer 8

our economy was looking good. out of debt? no we have been and always will be in debt. Clinton, tho a decent president, has been given to much credit for his strides of 'surpluses'. Economic policies, after being put in effect - it takes a while to see the change in the economy. Presidents are falsely blamed for economic progression or digression.

Personally FDR got the ball rolling with welfare and every president has expanded it... further unraveling the ball of yarn into what will soon be... a lot of nothing.

:D

Answer 9

No. First surplus in years.

Low unemployment as well.

Wow I miss him.

Answer 10

The country has been in debt since day one. (We owed debts from the Revolutionary War.) If you mean the deficit, we were on our way to a balanced budget/surplus budget. Not any more.

Answer 11

As others have pointed out above, yes, we had a national debt, but we had a budget surplus.  A surplus is contractionary, so the surplus was followed by a brief recession shortly after Bush became President.