Under which US president did the United States government experience a budget surplus and a balanced budget?

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Ashlee Arroyo

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19 April, 19:53

Under which US president did the United States government experience a budget surplus and a balanced budget?

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Agustin Levine · Answer 1

Explanation: The U. S. government suffered budget deficits every year from 1970 through 1997.

- Democrat Bill Clinton was president in 1998, when the government finally recorded a surplus.

- There also were budget surpluses in 1999, 2000 and in 2001. 2001 was the last year the Clinton administration proposed the budget.

- Republican George W. Bush succeeded Clinton in 2001. The United States had a budget deficit in 2002, and it has recorded budget deficits every year since. The deficit is projected to increase substantially this year under President Barack Obama.

- Republicans say they should get at least some of the credit for the balanced budgets during the Clinton administration, because Republican majorities controlled both the House and Senate.