In 1995, the United States Federal Government spent 2.01 trillion dollars and received 1.79 trillion dollars in tax revenue. This led to a 2.2 percent deficit.
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us federal debt in 1850
1789-1791
In 1985 the National debt was around 2 trillion and in 1995 it was just shy of 4 trillion and from there it has taken off now (2011) at 14 trillion and going up at 100-300 billion a day.
Alfred P. Murrah Federal Building Did you know:The Alfred P. Murrah Federal Building was named for federal judge Alfred P. Murrah, an Oklahoma native.
Clinton didnt even balance the budget 6 out of 8 years, much less put a dent in the national debt. The US was last Debt free in 1836. The level of National debt to GDP has varied regularly; good is 15% or less (preferable 10% or less) bad is over that, and really bad over 25%.