August 10, 201115 yr An honest question. Imagine we run a budget surplus to the tune of $400 billion. What happens to that excess money? Is it applied to the deficit or something else? I just wondered what the government did with the surplus money during the Clinton years. Seems to me the public debt part of total debt went down his last 3 years so that would be my guess where it went. Intragovernmental debt which includes borrowing from social security continued to grow.
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