what were the surpluses/deficit numbers during the clinton and gw bush years?

Question

na

Answer 1

Apples and oranges, moot question.

Answer 2

The Changing Budget Picture

In January 2001, the Congressional Budget Office
(CBO) reported that the federal government was
projected to run a $313 billion surplus in 2002.
Now, just a little over a year later, the CBO’s latest
reports indicate a major deterioration in the budget
projections. In its February 2002 report, the CBO
projected a deficit of $21 billion in 2002; in a revision

FRBSF ECONOMIC LETTER
Number 2002-08, March 22, 2002


1. The United States has a national debt of $7.2 trillion. This debt is growing by $1.8 billion a day.

2. The United States 2004 budget deficit is projected to be $477 billion.

3. The 2003 U.S. foreign trade deficit was $541 billion.

4. The U.S. Government Pension Benefit Guaranty Corporations, which insures thousands of corporate pension plans adding up to $1.5 trillion had a 2003 deficit of $5.4 billion. Numbers coming into the PBGC indicate that corporations have underfunded their pension plans by at least $300 billion.

5. The U.S. Social Security Administration will begin running deficit budgets in 2018 and between 2020 and 2040 these deficits will grow by $45 billion each year. By the time the HI Trust fund is exhausted in 2026, Medicare already will be requiring $370 billion (in todays dollars), in annual general revenue transfer to HI and SMI combined, as opposed to about $75 billion in 2002.

Answer 3

Clinton years
1990-221,036
1991-269,238
1992-290,321
1993-255,051
1994-203,186
1995-163,952
1996-107,431
1997-21,884
199869,270
1999125,610
2000236,241

Bush Years
2001128,236
2002-157,758
2003-377,585
2004-412,727
2005-318,346

There WERE yearly budget surpluses in Clinton Years.
2001 was fiscal year/figures Bush Inherited from Clinton.
Note 2003-2005 -- huge deficits. Bush never met a spending bill he didn't like

Answer 4

Clinton didn't "create" any surplus, a republican congress did at the same time Clinton was in office. It's true that there has been severe deficit from the time Bush has been in office, but this is simply because things like that WAR.

Answer 5

The contract with America, a Republician set of bills asured that there would be a budget surplus under Clinton as It capped government spending .

Answer 6

Clinton created a 2 trillion dollar surplus. Bush screwed it up with Iraq and other pointles things

Answer 7

there was never a surplus and neither bush or Clinton have any control over it. you should learn how it works before you ask dumb questions. to answer your question right now as a percentage of the GDP the debt is much smaller then under Clinton. probably smaller then the percentage of your debt to your income.