The last time we balanced the budget in 50 years was in the late

Diamond Beach - The last time we balanced the budget in 50 years was in the late 1990's under Clinton and it was a result of very fast economic growth of 4 percent - a booming stock market - and a special capital gains tax cut that opened the flood gates to added investment revenue - we need at least 3 percent economic growth to start taming the $35T national debt