The Myth That Bill Clinton Ever Balanced The Federal Budget. The National Debt Hasn't Gone Down Since 1957.

In recent years, there's become a myth that Bill Clinton balanced the budget. While he may have come close , the facts are the budget hasn't been balanced a single year since 1957. This is the best indictment of Keynesian economics and the myth that politicians will do the right thing. Hiding the cost of wars , S&L bailouts, and other "off budget items" has been hiding the problem of government spending from the public. It also helps to have economically ignorant journalists . Here's the real deficit numbers from the Treasury Department. You'll notice the national debt has gone up ever year since 1957. What better proof that Keynesian economics doesn't seem to ever get around to balancing a budget during the recovery phase of an economic cycle? Keynesian economics = fraud with 60 years of data to prove it.