The budget was balanced and produced surpluses before you Conservatives came along in 2001 and turned those budget surpluses into record deficits. Then, when Obama cut the last deficit you all handed to him by 2/3, you went and passed a massive tax cut that ballooned the deficit back up to $1T.
The budget is a planning document, nothing more and nothing less. It is only as accurate as the data and assumptions that were put into it. Actual expenditures are a different story.
When Bill Clinton left office, the economy was dead flat, had been for some months, and went into recession two months later. The projected surpluses were pure fantasy, since the rosy economic future they were based on had already died.
The budget is a planning document, nothing more and nothing less. It is only as accurate as the data and assumptions that were put into it. Actual expenditures are a different story.
When Bill Clinton left office, the economy was dead flat, had been for some months, and went into recession two months later. The projected surpluses were pure fantasy, since the rosy economic future they were based on had already died.