Quote:
The best chance we ever had at paying down our debt was at the end of the Clinton administration. The surplus in fiscal year 2000 was $237 billion—the third consecutive surplus and the largest surplus ever. In 2001, Bush's budget estimated that there would be a $5.6 trillion surplus over the next ten years. Instead of staying the course and paying down the national debt, he doubled the debt from $5.6 trillion to $11.3 trillion.


There was never any Clinton surplus. It is a myth. And if you dig into this without bias you can prove it for yourself.

Clinton's economic policies created a bubble, that did increase tax revenues which shows as a positive on the federal government's balance sheet, but it also created the most unhealthy economic environment most of us have seen in our lives. Bubbles necessarily pop.

The myth of the Clinton Surplus explained.
http://www.craigsteiner.us/articles/16/
http://www.craigsteiner.us/articles/30

Clinton is as responsible for the current economic situation as Bush. Both of whom created bubbles (with the help of their congresses & the Fed)