A timeline if you will.
Wednesday, August 4, 1999 US to buy back national debt
December 28, 2000 Today, President Clinton will announce that The United States is on course to eliminate its public debt within the next decade.
September 27, 2000 President Clinton announces another record budget surplus
February 20, 2003 Government hits national debt ceiling, Treasury begins taking evasive actions
March 14,2003 G.O.P. Senators Oppose Size of Bush Tax Cut due to no spending cuts or corresponding tax increases
November 04, 2004 Administration pressures Congress to raise debt ceiling
The government hit the current debt ceiling of $7.384 trillion Oct. 14, forcing Treasury to begin a series of bookkeeping maneuvers to keep financing the government’s operations.
November 18, 2004 Senate votes to let US borrow up to $8.18 trillion
January 8, 2006 That’s what Treasury Secretary John Snow said in a recent letter to Congress, warning that unless the current $8.2 trillion debt ceiling is raised by mid-March, "we will be unable to continue to finance government operations."
December 5, 2007 President Bush sent Congress a $2.4 trillion election-year budget on Monday featuring big increases for defense and homeland security but also a record $521 billion deficit.
Oct 16, 2009 Obama team makes it official: Budget deficit hits record. By a lot.
From Aug. 4,1999 to Oct. 16, 2009, we went from a position of buying back debt with a projection to pay off our debt to record deficits and debts….Whaaa Laaaaa:hug:
And people actually fall for **** like political promises and CBO projections.
My sides…My ******* sides!!!!Attachment 218871