The budget was never really balanced. Our total debt has increased every single year since 1969.
Adjusted for inflation, the annual budget deficits were reversed. How many times have we heard from the liberals that ‘Clinton’ gave Bush a budget surplus and Bush squandered it, blah, blah, blah...
There were annual surpluses in those years only because the American people voted a republican house and senate in Clinton’s first mid-term. Your point is right - cumulative national debt over has grown and grown. This is our doom if we can’t get rid of all these liberals and moderates out and start building an economy again.