Scott Wahlin, CGCS said: http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/
Scott, i love how fact check notes at the end that they used a different accounting system than everyone else uses and that entitlements or future obligations are not counted in the equation. They also do not state how much they borrowed from social security either. All they state is that if social security is out of the picture there is a surplus. Of course, because the borrowing from there goes under intra govt holdings and not under public debt. But when you add the two together you get the national debt and the US treasury states that every year under clinton our national debt went up, ie no surplus. Accounting tricks dont work, unless you take the govt at its word.
First column is year, then year ending, then national debt, then deficit (from the US treasury). These have the intra govt holdings (borrowing) figured in.
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