Reply #12: If Clinton did not reduce the national debt to Near zero, [View All]

then why does, and did, Greenspan go around warning everyone about how awful a zero national debt and surplus would be? I get this from freepers all the time. They say that Clinton never created a surplus, that it was all smoke and mirrors. Well, then why did Greenspan go around, and is still going around, saying things like this:

"The 2001 tax cut was a very unusual tax cut in the sense that it confronted, for the first time in 150 years, the possibility that we would actually eliminate the debt in the United States. And it was that concern which creates major problems with respect to accumulating assets. When you have $500 billion surpluses, when the debt is effectively zero."

The freepers can never answer the question that if Clinton hadn't for all practical purposes eliminated the national debt, then why did Greenspan go around warning about how awful a surplus (in this case a $500 billion surplus) and a zero debt would be for the nation.