Historical Tables | The White House), the trust funds ran a surplus (reduced operating deficits) by about $45 billion from 1967 to 1973. The trust funds ran a $472 billion surplus (10 times greater) during the Reagan years (82-89). I talk about the latter all the time.
The last POTUS to 'balance' the budget was Clinton..... in part because he raised tax rates to what have been historical spending levels as a % of GDP. Republicans have spent about what Clinton did, but were too gutless to raise taxes high enough to fund that spending.I never hear any liberal talk about the 3.9 trillion dollar budget Obama has proposed or the fact that there will never be enough money to fund the liberal spending appetite. It is amazing to me that since Obama took office the debt increased over 7 trillion dollars with very little of that due to the wars. Just goes to show how little liberals truly know.