October 27, 1999: Largest Budget Surplus In History


"Today's good news is a result of hard-won economic choices that put our people first. That strategy has created the most prosperous economy in generations."

President Bill Clinton
Thursday, October 28, 1999

Today, at the White House, President Clinton announced that the Office of Management and Budget and the Department of the Treasury have released figures showing the largest budget surplus and the largest pay-down of debt in history The President urged Congress to keep our nation on course by passing his budget plan that protects Social Security, pays down the debt, and meets the nation's priorities in the areas of education, health care, crime, and the environment.

Clinton-Gore Economic Plan Is Working. In 1993, President Clinton put in place a three-part economic strategy of fiscal discipline, investing in people, and opening markets abroad. Today's figures provide even more evidence that the Administration's strategy is working:

The Largest Surplus in History:

The Largest Debt Reduction in History:

What Debt Reduction Means for Americans. Paying down the debt means:

President's Budget Pays off Debt in 15 Years. Under President Clinton's budget plan, the publicly held debt would be paid off by 2015, resulting in:

Urging Congress to Stay with What Works. President Clinton warned that proposals by Congressional Republicans for irresponsible tax cuts, spending the Social Security surplus, and across-the-board spending cuts would threaten our continued prosperity. The President urged Congress to keep America on this course of progress by passing his budget plan, which pays down the debt, protects Social Security, strengthens and modernizes Medicare, and invests in national priorities like education, health care, public safety, and the environment.

October 1999

October 20, 1999

October 15, 1999

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October 28, 1999

October 22, 1999

October 29, 1999

October 25, 1999

October 27, 1999

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October 19, 1999

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