National Debt When Clinton Left Office

From january 20 2017 to november 1 trump piled 3 1 trillion onto.

National debt when clinton left office. The treasury has tracked the daily accumulation of debt since january 1993 when president bill clinton was in the white house. Clinton signed north american free trade agreement nafta into law along with many other free trade agreements. The debt held by the public is 1 7 trillion lower than was projected when president clinton took office.

Public debt as a share of gdp was at 95 7 percent in 1944 his last full calendar year in office. One month after taking office in 2001 with a plan to cut taxes he said he would retire nearly 1 trillion in debt over the next four years. The largest debt reduction ever achieved by any nation at any time instead the national debt went up by 2 trillion.

The debt is the total amount the government owes at any given time. In his last few years in office he had a budget surplus rather than a budget deficit. The largest debt reduction in history.

Of that 5 6 trillion some 4 5 trillion was owed to social security and some small a. Over the last two years america has paid down 140 billion in public debt the largest debt pay down ever. Bush s last budget fy 1993.

When bill clinton left office the national debt was about 5 6 trillion. Fy 2001 133 billion fy 2000 18 billion. So the debt goes up in any given year by the amount of the deficit or it decreases by the amount of any surplus.

By 2006 he should have known better. The us national debt just pushed past 22 trillion here s how trump s 2 trillion in debt compares with obama bush and clinton bob bryan 2019 02 20t16 50 08z. He also enacted significant welfare reform.