Actually, the “Lewinsky” goes to Newt Gingrich and all the angry white men who voted in the Republican Congress in 1992.

Also, Reagan raised Social Security taxes in 1983 which Clinton credited toward the general revenue budget to achieve his “surplus.”

Moreover, Clinton’s massive “tax increase of 1993 resulted in short-term increases in revenues to the government but eventually became an anchor that stopped economic growth. Clinton left the country on the brink of recession at the end of his second term in 2001.”

http://www.ontheissues.org/celeb/Bill_Clinton_Budget_+_Economy.htm

This doesn’t even cut the basic welfare state which should be cut over a longer term basis. Economic deregulation should also grow the economy and further reduce the deficit.

To Clinton’s credit, the size of the government relative to the economy did shrink – give that man a Lewinsky!

The “Gross Federal Debt” has increased every year since 1957. It is expected to increase every year through 2016. Note that these annual increases INCLUDE the years of Bill Clinton’s vaunted budget “surplus.”

Clinton achieved his fictional “surplus” by playing games with annual budget numbers. Virtually every President since Eisenhower has played the same game. Obama is no different.

His boast of record cuts in discretionary spending is due exclusively to budgetary slight-of-hand:
http://www.heritage.org/Research/Reports/2011/02/President-Obamas-2012-Budget-Builds-on-Failures-of-the-Past

Federal government accounting is obscure in its complexity. So long as it remains so, and so long as our media fail to do an informed and honest analysis of it, our republic remains severely threatened.

The disinformation flowing from The White House with regard to federal budget matters eclipses that which poured forth from Josef Goebbels’ Ministry of Public Enlightenment and Propaganda in Nazi Germany.

So how does the private sector create real, productive, long-term job growth when the public sector is sucking up all the capital and squandering it on its hare-brained schemes? It just doesn’t add up.

Where does that leave us? At the mercy of foreign lenders and the counterfeiting machine known as the Fed. Without immediate and drastic spending cuts and a repudiation of the debt, there is no way out of this debt trap. The only question is when the dollar collapse occurs and what we’ll be left with on the other side.

If you have any significant portion of your investment portfolio in dollar-denominated assets, you are a complete fool.