Contending that "everything that Clinton said in that statement is dead wrong," Morris claimed that, under Bush, federal budget deficits are "half, as a percentage of our economy, of what they were under his [Clinton's] administration." In fact, according to the Congressional Budget Office, the average federal budget deficit from 1993 to 2000 was 0.74 percent of gross domestic product (GDP); from 2001 to 2004, the average was 1.78 percent of GDP. Moreover, Morris ignored that under Clinton, deficits steadily declined from 1992 to 1997, and the budget ran surpluses in 1998, 1999, and 2000. Under Bush, a surplus in 2001 became deficits in following years.