balanced its budget and generated a surplus was in the closing years of the presidency of william jefferson clinton, a democrat. when president clinton left office, the national debt accumulated over the history of the united states of america was $5 trillion. clinton left office, handed the keys to president george w. bush and said incidentally, next year, welcome to washington, another surplus. $120 billion surplus, the economy has created 23 million jobs in my eight years, and i wish you the best. he left, turned the keys over to president george w. bush, and gave him control for eight years. eight years later, another snapshot. the national debt was no longer $5 trillion, it was $11 trillion. more than doubled under president george w. bush. we had lost jobs, dramatically lost jobs in america, unlike president clinton, and when george w. bush handed the keys over to president barack obama and said welcome to washington, incidentally next year's budget deficit is $1.2 trillion. quite different story, isn't it? you wouldn't know that from the speech just given. the suggestion is that democrats ju