On the "Clinton budget surplus" that GWB reversed:

Clinton's Chairman Of Council Of Economic advisers, Joseph Stiglitz, Said Recession Started During Clinton's Tenure. "It would be nice for us veterans of the Clinton Administration if we could simply blame mismanagement by President George W. Bush's economic team for this seemingly sudden turnaround in the economy, which coincided so closely with its taking charge. But the economy was slipping into recession even before Bush took office, and the corporate scandals that rocked America began much earlier...
... during the Clinton Administration "the groundwork for some of the problems we are now experiencing was being laid. Accounting standards slipped; deregulation was taken further than it should have been; and corporate greed was pandered to..."