- Banned
- #4,301
"Now let's look at Clinton's tenure. Using the public debt figures, we see that the debt rose year by year during the first four fiscal years of Clinton's stewardship, then fell during each of the following four fiscal years, from a 1997 peak to a 2001 trough.
So using this measurement, Clinton is correct that "we paid down the debt for four years," though he did overestimate the amount that was paid down when he said it was $600 billion. The actual amount was $452 billion -- which was equal to about 12 percent of the existing public debt in 1997."
From http://www.politifact.com/truth-o-m...linton-says-his-administration-paid-down-deb/
So using this measurement, Clinton is correct that "we paid down the debt for four years," though he did overestimate the amount that was paid down when he said it was $600 billion. The actual amount was $452 billion -- which was equal to about 12 percent of the existing public debt in 1997."
From http://www.politifact.com/truth-o-m...linton-says-his-administration-paid-down-deb/