Question

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

Answer 1

Answer:

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.