Do you think it is wise to trust the government to ...

Fiscal
Year      Year Ending  National Debt        Deficit

FY1993  09/30/1993  $4.411488 trillion     

FY1994  09/30/1994  $4.692749 trillion  $281.26 billion

FY1995  09/29/1995  $4.973982 trillion  $281.23 billion

FY1996  09/30/1996  $5.224810 trillion  $250.83 billion

FY1997  09/30/1997  $5.413146 trillion  $188.34 billion

FY1998  09/30/1998  $5.526193 trillion  $113.05 billion

FY1999  09/30/1999  $5.656270 trillion  $130.08 billion

FY2000  09/29/2000  $5.674178 trillion  $17.91 billion

FY2001  09/28/2001  $5.807463 trillion  $133.29 billion

So where exactly is the surplus that Clinton was responsible for, that has people thinking that he actually reduced the national debt?  The debt goes up ever year, that is the way the federal reserve system was designed.   We pay interest to the privately owned federal reserve bank with our income tax dollars.  The government has to borrow money from the fed to continue operating, thus increasing the debt annually, no matter what president is in office.   Instead of squabbling about Bush or Obama being responsible for the massive debt, why not look at the way that the federal reserve operates?   It continues to loan money to a debtor that increases it's debt daily .   Why would a privately owned bank continue to loan money when it knows that the debtor will never be able to repay the loan?   Aren't private banking corporations in business to make money, and not just continue to loan it out?

1.  They receive interest payments on the debt from our tax dollars.

2.  It costs them virtually nothing to print up the money that it loans to the US with interest, so whatever they get is all profit.  If the money was actually worth something, like being backed by a gold standard, they would be the ones in severe debt, not their debtors.

3.  By holding so much debt of the US, the fed and it's controllers can exert great influence upon governmental policy, which is financially beneficial to them.

4.  The owners of the federal reserve banking system have now developed the World Conservation Bank .  It has the same power as the federal reserve to print fiat currency at will, give it to a country that is in default of its loan to pay off it's debt to a central bank in exchange for wilderness areas, national parks, national forests, any federally owned land, and the resources of that land.   The majority of the western half of the US is eligible as collateral on the national debt.   Brazil is in danger of losing the entire Amazon river basin to the banksters.

Does anyone see a problem with the world's central banks, ours being the federal reserve?   Now Obama is giving the fed even broader powers to oversee the nation's banking system.   Do you think that is his decision, acting in the best interest of the country, or is that part of his job, to obey the people who are really in control?  All of the people involved, in the banking end of the fed, and the government officials that continue to allow this to happen should all be imprisioned for life.   They are criminals, plain and simple.

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."  - Andrew Jackson

He  did not reduce the national debt. He balanced the budget with surplus in the budget that could have begun to pay down the national debt. Big difference.

I've seen people on here say that he reduced the debt.  Obviously he didn't reduce the national debt, and, the debt could not be paid down in this manner.     He had a balanced budget, and a budget surplus - great.   example - If he had a set budget for the coming year of 500 billion, only spent 400 billion, then he has a budget surplus of 100 billion.   Sounds great, but the national debt still increases by 400 billion plus interest.   Thats my point.  That is what the federal reserve and all central banks do.   The enslave the debtor countries by the accumulated debt, and higher budgets year after year.   This is how the bankers come to "own" governments.   It's recorded in historical documents, but you have to look for them.   This isn't what they teach in history or economics.

Thank you. I am aware of how it all works. Have a great day!

good, we all know how its works.   Now everybody can go back to arguing about who is at fault, Bush or Obama, the Reps or the Dems.   All the while our country is being systematically torn apart and the constitution shredded.   Does anybody get what is happening?   Have a great day yourself...

Hi Lisa,

Glad you asked this question. No it is not wise for the American people to trust the government in running any business. People need to watch this very close. The government already has their government companies as you might call them, they need to take care of those companies and leave the private business alone. There is no such thing as being to big to fail. Failure allows people to learn from their mistakes; so they don't make them again. If people stand back and let the government take over business (private like GM, Banks and ect.) it develops into nationalization which inturn will turn into socialism, then communism. People need to watch letting government step in and take control  of everything.

President Clinton announces another record budget surplus

From CNN White House Correspondent Kelly Wallace
September 27, 2000
Web posted at: 4:51 p.m. EDT (2051 GMT)

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. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."

Instead, the president explained, the $5.7 trillion national debt has been reduced by $360 billion in the last three years -- $223 billion this year alone.

This represents, Clinton said, "the largest one-year debt reduction in the history of the United States."

"Like our Olympic athletes in Sydney, the American people are breaking all kinds of records these days. This is the first year we've balanced the budget without using the Medicare trust fund since Medicare was created in 1965. I think we should follow Al Gore's advice and lock those trust funds away for the future," he said.  

Excuse me Steve Clinton is not in office anymore. What is your point?