Representative Sheila Jackson Lee (D., Texas) claimed that the United States had a $5.6 trillion surplus at the end of the Clinton administration Tuesday.
“Remember, we had a $5.6 trillion surplus in 2000 – 2001 from the Clinton administration,” Jackson said in the interview while discussing fiscal cliff negotiations.
However, according to CNN Money, the “Treasury Department reported a budget surplus… of $127 billion” for fiscal year 2001 and a $237 billion surplus for fiscal year 2000.
More proof that democrats have no idea the enormity of the dollar figures they’re dealing with. No grasp, whatsoever, on economics. Not even on a perfunctory level.