Bloomberg did an interesting analysis, of what would our budget look like if we took Clinton's last budget (including long-term budgetary projections), and added in the War on Terror costs.
The result: $152 billion surplus.
It makes you sick to think about it. All that money wasted on ethanol and bridges to nowhere has accumulated into a pile that massive. Uncle Sam ate a whopping helping of apple pie every day for seven years, and now he is obese.