On tonight’s The O’Reilly Factor, Bill blamed Bush 43’s deficits on the 9/11 terrorist attack.

HARDLY! The cause of the ‘Clinton Surplus’ was that the ‘Clinton Bubble’ caused revenues to grow much faster than the proflegate 105th and 106th Congresses could spend them. Despite the fact that the bubble has burst, the 107th and 108th Congresses have not attenuated their profligacy. But still, as a percentage of GDP, our deficit remains close to that of pre-Clinton Bubble times.