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Why did the USA pay back its war debts from WW2, but the national debt increased every year under Bill Clinton?
If we had so much prosperity under Clinton, why were we unable to repay any of our national debt during those years?
12 Answers
- Anonymous9 years agoFavorite Answer
Because every European country owed us money plus the all goods were being sold to Europe so they could rebuild. Clinton is a liberal and liberals only know how to spend and raise taxes to spend more
- 9 years ago
The payback (with interest) from the war debts went to the same people who collect the interest on the national debt.
But at least Clinton was good for laughs.
- Anonymous9 years ago
The US was able to pay back its debts after WWII because the top income tax bracket during the Truman years was 90%.
- Chewy Ivan 2Lv 79 years ago
Because Clinton was unable to pass a budget with enough surplus to pay the annual interest on all the public debt racked up under Reagan and George H.W. Bush.
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- Anonymous9 years ago
Your question has no basis in historic reality. Surpluses in the budget started appearing during Clinton's second term. He wanted to used those surpluses to start paying down the debt. However the Republicans in congress started pushing for tax cuts instead.
- Irv SLv 79 years ago
WRONG.
Clinton actually 'ran a surplus' some years, meaning that he did pay off
part of the debt during his administratuion.
- mommanukeLv 79 years ago
We didn't have any war debts. People owed us money. Don't blame Clinton. At least he didn't triple the national debt like Reagan did.
- ?Lv 79 years ago
Had a small government and a booming economy in the 50's. Government was huge by the 90's.
- honestamericanLv 79 years ago
Because Bush Sr left a huge deficit!Like his son did when he left office!
- Anonymous9 years ago
To keep women quiet cost A Lot of $$$$$$$$$$.