Clinton budget surpluses take money out of circulation: Think of taxation as taking money out of circulation, and spending puts money in circulation. When taxation > spending = surplus = money out of circulation.
In order for this not to have deflationary effect on economy - private sector lending had to pick up the slack, they also create money. Private sector is high on money creation when Bush rolls into town and begins again with government deficits. This + private sector lending that Clinton fostered had a huge inflationary effect on the economy, it also wasn't sustainable.
Just thought I'd put some of the history in the proper perspective, ie. the perspective of those who understand how money and government spending actually works.