12 Key Balanced Budget Amendment Pros and Cons
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"We entered 2001, the budget had been balanced under President Clinton, and since then, we have done nothing but have very poor budgetary outcomes." Douglas Holtz-Eakin on how President Clinton's balanced budget set a new fiscal standard. | Clinton Presidential Center
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On this day 25 years ago, President Bill Clinton signed the bipartisan Balanced Budget Act of 1997, which eliminated the national budget deficit, spurred economic growth and spread opportunity, and invested in education and healthcare for Americans. In 1992, the federal budget deficit was $290 billion. By the year 2000, the United Sates realized its largest ever annual budget surplus: $236 billion. The last four budgets of the Clinton administration marked the first time in more than 70 years th
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