Bill Clinton: “No. I believe--what we know, though, is that we can-- when I ran for President, I didn't think I should make more than a…”

“No. I believe--what we know, though, is that we can-- when I ran for President, I didn't think I should make more than a 4- year pledge. [Laughter] And what I said was that I thought we could get the deficit to half what it was when I took office as a percentage of our income. That's been done, and it's nearly, in real dollar numbers, half of what it was. Now, we've had a lot of success with our reinventing Government program. I know a lot more about how the Federal Government and the budget works than I did the day I showed up here. I believe we can take it into balance. But we've got to do it in a way that permits us to invest in education, invest in technology, and do right by people that have a right to rely on things like Medicare and Medicaid.”