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At least when Billy C left office we had money in the bank
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Well the government did.
A lot of people were standing in unemployment and welfare lines... The US military stationed in Germany was collecting welfare because they qualified for it.
Here in Jacksonville I was working on transmitters (Navy ET) that were built by General Radio in 1952. Reagan got us money to replace them. Not to mention showing old Momar what we thought of his "line of death".
Say what you want about Contra,
Iran knew what was comming if they kept those hostages.
George W for all his faults, had to deal with the mess his dad left (Iraq), 911, and several huge natural disasters. If you look at the last 8 years, they were pretty rough for any president to have to deal with. Amazingly I even saw a interview with Clinton where he told the reporter "we knew at some point we'd have to go back in there (Iraq)" he also said he knew exactly who attacked us when he first learned about 911.
I could give a crap about owing money to China... Everthing they send us is junk, tell them we won't pay it because they don't honor their warrenties. We're literaly drowning in piles of consumer "e-waste" half of which failed after a year.
GW is getting the blame for what is essentially incompetence on the part of the government itself and I personally can't recall it ever being different...