You see, this is the type of logic that conservatives cannot stomach. Clinton initiated a "pay as you go" program, and voila, the debt was erased and a surplus attained. But the YA Cons will accuse you of not knowing history, or of not ever having to pay taxes, or whatever non- sequitor they think will distract others from a logical argument.
Since I am in the mood to school any Con who might read down this far and past the first few lines, here is a little history lesson...
Reaganomics were a success, even though they ran up the debt, it created a one time cushion that enabled the Clinton Administration to establish the pay as you go program. Pay as you go was a program designed for the times, based upon sound economic theory, using past models to build upon a dynamic economic model. When Bush took office, he and his cronies did not want to credit the Clinton Administration with any successes and wanted to impress everyone that they were like Reagan, so they brought back the Reagan tax cuts, regardless of the outcome. There was no sound economic analysis, it was pure politics, designed in an attempt by Bush/Rove to bootstrap themselves to the Reagan legacy. What happened is pretty self evident, and we are now beginning to feel the effects of their poor planning for the future of America.
I have a masters in public policy, have worked as a policy analyst, and currently am preparing for the CA bar.