We were one vote away in the mid-1990s in the US Senate from passing a balanced budget amendment out of Congress and sending it to the states for ratification. And just think at that time we basically were running a balanced budget. I mean, We had three years in a row where the federal government in the late 90s was actually running a balanced budget. Just imagine if that balanced budget amendment had taken effect, how different the fiscal trajectory of the country would have been over these last 26 years. (02:56–03:02)
CLAIM
Asserts that the U.S. federal government ran a balanced budget for three consecutive years in the late 1990s.
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