A huge part of Clinton's deficit reduction was eviscerating welfare with the Personal Responsibility and Work Opportunity Act. He also made a lot of money for rich people by repealing the Glass-Steagall Act, which directly let to the 2008 financial collapse. Also, Obamacare is not Universal Healthcare; Obama would have needed to keep the Public Option for it to be considered universal coverage. He also made a lot of money for rich people through TARP.
The public option was tanked by Senator Lieberman, who at that point became an independent. All we would have needed was a Republican to break ranks and we would have had a public option.
A) Lieberman didn't become an independent at that point, he'd been an independent since he lost his primary in 2006 B) no matter what the excuse, it doesn't change the fact that saying the ACA is Universal Healthcare is a lie.