Tuesday, November 28, 2006

Clinton Surplus and American Growth

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This July 22 2000 story by CNN demonstrates the wonders and magic a President can perform when their focus is improving the welfare of ordinary Americans. Economists will surely remember President Clinton ;)

WASHINGTON (CNN) -- President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion.

"Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years.

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