The budget was submitted by Clinton, changes negotiated in Congress with Speaker Gingrich, but that said, I don'r recall Clinton saying balancing the budget would result in economic collapse.
Re: Gingrich. The government did not just itself shut down, Gingrich threatened to do it and got his way, a few howls from the Public and he changed his mind quite quickly.
Again, I'll repeat, from Eisenhower until 1/20/09, not only did a GOP President never achieve budget balance, much less surplus, but in that period, not a single Republican President ever presented a balanced budget to Congress. Those are the facts, why then do the Republicans hold Obama to a higher standard than their own standard bearers?