As sentient Americans will recall, the U.S. national debt tripled under Ronald Reagan only to double again George W. Bush. In between, President Clinton erased the GOP budget deficits, producing a $236 billion surplus by his last year in office and leaving Bush a 10 year forecasted surplus of $5.6 trillion. As President Obama made clear in setting Hensarling straight on Friday, he inherited a $1.2 trillion annual deficit when he was sworn in January 2009:
Posted on: Wed, 08 Oct 2014 00:16:57 +0000
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