Tuesday, January 27, 2004
For those who are tired of the oft-repeated and utterly false assertion about Clinton "paying down the national debt", here is a good article for refutation purposes.
Apart from very slight declines in 1947-48 and 1956-57 (the last year there was any reduction at all was 1960), the debt began an upward trajectory into the infinite reaches of outer space.
Considering that Clinton wouldn't be elected for another 32 years, I think we can put this one to rest. Another good source: the Bureau of Public Debt's "Public Debt to the Penny" web page, which lists historical values.
Posted by Tom, 1/27/2004 2:01:00 PM (Permalink). 0 Comments. Leave a comment...