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If you go back and read the budget overviews for the last 20 years, you'll find that the Clinton era "surplus" was projected for the future, never realized while he was in office.
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When President Clinton left office, the federal budget was showing a $127-billion surplus.
The books are closed on fiscal 2008. The surplus the current President Bush inherited has turned into a record deficit: $455 billion.
That is more than twice the 2007 deficit of $162 billion and beyond the previous record of $413 billion in 2004.
But records are made to be broken.