In 2004 they projected we’d be in surplus in 2012.
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/60xx/doc6060/01-25-budgetoutlook.pdf
They might have been right. In January 2007, the deficit was around 165 billion, down from about 248 billion the previous year. Of course, something changed in January 2007, but I can't remember what that was.