MeOhMy saidThe US is $45 trillion in debt (cumulatively), which is not the result of Bush, but successive administrations for decades
Didn't the Clinton admin bring about the largest budget surplus in the history of the US, I remember reading if Bush had stayed the course and continued paying down the debt that figure would be zero by 2015?
Instead he slashed taxes for the upper and middle class and started a multi trillion dollar war.....
and then pillaged the money to pay the interest on the money he borrowed from infrastructure, healthcare and education......
first of all... the Clinton surplus was a myth. it never happened. the national debt is made up of public debt and intergovernmental holdings. public debt is held by the public (treasury bills, bonds, etc). Intergovernmental debt is debt collected when the government borrows from itself (as in, from the Federal Reserve, social security, etc)
CLinton oversaw a reduction in public debt, but a massive increase in intergovernmental holdings, which did not even out, resulting in an increased total national debt each year.
also, the debt numbers of $45 trillion is related to not simply national deficit, but total government, corporate and personal debt. so even if Clinton reduced the debt and created a surplus (which he did not, its only a surplus by conveniently removing or "forgetting" massive variables in the debt system), he still oversaw a period in rapid expansion of corporate and personal debt.
all the evidence you need is to look at the standards of livings of Americans, and even canadians and all people of the western industrialized world over the past 5 decades. the standard of living has drastically fallen, as people survive off debt, credit, bank, etc... even with two parents constantly working in a family, it is hard to make ends meet, this was not always the case. the middle class is evaporating, and has been for several decades, and yet... we still find it viable to say that the 90s were a period of economic success and prosperity.... for whom, exactly?
here is a helpful link:
Note: this was not the source of my information, but i did a quick google search to see if there was something useful as a sort of introduction. hope it helps