Yeah pretty much

Longtime GOP economics consultant Bruce Bartlett states the truth:

Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.

But, of course, the Republicans won the White House and C-Plus Augustus blew up everything from the Deficit to the much of Asia. Not that we'll ever hear about this again. No, David Gregory has to have his Sunday morning biscotti without the agita of truth.