True, and how did he do it? I would argue he did it with above trend growth. This was accomplished by reducing the capital gains tax rate and with help from the dot com boom. We didn't slash spending under Clinton, but we did average over 4% growth in his second term. We had similar growth under Reagan, but the average 10 year treasury yield under Reagan was 10.75%, it was around 6% under Clinton.
Juicing the growth rate and lowering treasury yields would solve a lot of our debt problems.
