September 27, 1999


"This triple-digit surplus is larger than projected, larger than last year's, and larger, in fact, than any dollar surplus in the history of the United States. It is a landmark achievement for our economy, and further proof that we're on the right road to prosperity."

President Bill Clinton
Monday, September 27, 1999

Turning Around Decades of Deficit to the Largest Surplus Ever In 1992, the deficit was $290 billion and projected to rise over $400 billion by 1999. In 1993, President Clinton put in place a three-part economic strategy of maintaining fiscal discipline; investing in the American people; and opening markets abroad. As a result, instead of facing a more than $400 billion deficit, the Administration estimates that we will have a surplus of at least $115 billion the largest dollar surplus in history, even after adjusting for inflation. This announcement represents:

Reducing Federal Spending While Continuing to Invest in the American People. President Clinton's economic strategy of fiscal discipline has contributed to a reduction in spending, while allowing increased investments in education and other vital areas. During the Clinton-Gore Administration:

Creating a Brighter Economic Future for America's Working Families. Here's what the improved fiscal situation means to a typical American family:

September 1999

September 21, 1999

September 8, 1999

September 22, 1999

September 9, 1999

September 24, 1999

September 16, 1999

September 27, 1999

September 30, 1999: Public Education

September 30, 1999: Progress for Income and Poverty

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