Government Spending?

Question

What happened to the BILLIONS$$$$$ in budget surplus at the end President Clintons 8 years?

Answer 1

It was spent in 2 years under Bush's Administration, much of it going to building up the military and tax breaks for large corporations.

Answer 2

Clinton raised taxes at the end of his 2nd term. This helped to 'kill' the economy and created a recession that was compounded by the economic consequences of 9/11. We are finally out of that recession, and if you are paying attention, the budget deficit is dropping dramatically, even though we are in a world war (wars almost always lead to deficit spending).