For those who believe it was the magic of Clintonion tax increases that balanced the budget I offered some data. Actual facts, in fact. From January 1993 through December 2000, (for the historically challenged, that is Clinton's term in office) he enjoyed a mean value of 3.85% for US inflation adjusted GDP. From January 2001 through December 2008 (Bush's term) the mean growth rate was 2.03. Sometimes it is better to be lucky than good. I'm not sure Bush was either, but Clinton certainly was lucky, in my opinion.
You can go to this website and play with the dates and look at the data yourself from 1947 onward.
The notion that our best days are behind us is a thought embraced by those who either lack imagination and/or don't understand how successful people think and act. Incentives work. More is created. More can be shared. Disincentives work, too. Less is created. There is less to share.
In the words of Margaret Thatcher, "The problem with Socialism is that sooner or later you run out of other people's money to spend."