The Last President to Balance the US Budget?

The last president to oversee a balanced federal budget with budget surpluses was Bill Clinton, whose administration achieved this in the late 1990s (specifically fiscal years 1998-2001) after decades of deficits, a rare feat accomplished through economic growth, tax increases on the wealthy, and spending cuts, leading to the first surpluses since 1969. 

Key Points:

• Era of Surplus: The U.S. experienced budget surpluses, meaning revenues exceeded spending, during the final years of the Clinton presidency and into the early 2000s. 
• Bipartisan Effort: The Balanced Budget Act of 1997, signed by Clinton, was a key factor, combining spending restraints with targeted investments and tax relief. 
• Economic Factors: A strong economy, along with fiscal discipline and strategic investments in education and health care, contributed to the surplus. 
• Historical Significance: This marked the first time the federal budget had a surplus in nearly 30 years, a significant shift from the persistent deficits of prior decades. 

The problem is with both parties. If either party tries to raise taxes or cut spending to help pay off the debt, all hell will break loose, as the other party will cry, “They are raising your taxes!” Both parties are heading the USA to fiscal ruin. But Trump and Bush are mostly to blame. Bush fought two unfunded wars and trump with his One Big Ugly tax Bill will cause it to explode.