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After the Deficit was paid off in the late 1990's when did we start having a deficit again?
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14 Answers
- Philip McCreviceLv 71 decade agoFavorite Answer
I think you mean "When we had no defecit in the late 1990's but had a surplus, when did we start having a defecit again?"
And that would be when we started wars against Afghanistan and Iraq.
Then the Democrats took Congress and Obama took office and it took off like a rocket.
- Bob LoblawLv 61 decade ago
The deficit doesn't get paid off. The debt can be paid off. We reduced deficit spending which reduced the debt. It was never fully paid off. The surplus we had was a trick of math. Yes, the debt was greatly reduced but it was never gone. Bush did far more deficit spending than any other president in history. He added more to the debt than any other president before (or even after, contrary to what people want to say about Obama).
- Anonymous1 decade ago
1. The deficit wasn't paid. It was paid EXCEPT for the interest on the national debt. The debt continued to rise every year in the 90s, meaning we had a deficit.
2. The "surplus" evaporated in the face of the .com bust.
- Anonymous1 decade ago
Well, the national debt increased each year in the 90's, so we also had to have a deficit each year.
09/30/2000 5,674,178,209,886.86
09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
09/30/1997 5,413,146,011,397.34
09/30/1996 5,224,810,939,135.73
09/29/1995 4,973,982,900,709.39
09/30/1994 4,692,749,910,013.32
09/30/1993 4,411,488,883,139.38
09/30/1992 4,064,620,655,521.66
09/30/1991 3,665,303,351,697.03
09/28/1990 3,233,313,451,777.25
09/29/1989 2,857,430,960,187.32
Source(s): The US Treasury Department http://www.treasurydirect.gov/govt/reports/pd/hist... - How do you think about the answers? You can sign in to vote the answer.
- SocratesLv 71 decade ago
A deficit is a yearly issue extending from that years budget. It doesn't accumulate. It sounds like you are thinking of the national debt that does accumulate (from prior deficits). Be that as it may, there was no deficit during the last year of the Clinton Administration. In fact, it was a surplus.
- ThurstonLv 41 decade ago
If the deficit was paid off and we had a surplus, then you could point me to the year that our debt did not increase. But, you can't. So, if we had a surplus, or even broke even, why did we borrow so much money? I'm afraid your logic fails.
- Anonymous1 decade ago
Tell me, was Clinton robbing the Social Security Trust fund to balance the budget?
Robbing Peter to pay Paul?
Taking money from one pocket to put in the other?
Playing a 3 card monty till no one knows what the hell is going on with the financing?
- Anonymous1 decade ago
Real deficits over $1 trillion started when I was inaugurated.
- JeffLv 71 decade ago
The deficit was not paid off..........the budget was balanced.
BIG difference my friend......very big difference.