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The surpluses during the Clinton administration had three causes, none of which were “bill Clinton” —
1. The stock market bubble (capital gain tax revenues exploded).
2. Peace dividend (collapse of USSR, reduction of Navy, etc.).
3. Most important: GRIDLOCK (i.e., Republican Congress).
A McCain presidency is unthinkable, but not for this reason. An Obama presidency is unthinkable, for precisely this reason.
(As you can imagine, I tend to cry myself to sleep these days.)