BP,
Maybe. I'm not so sure Clinton's budget wasn't a bit of illusionary, in that he was at the time of a speculative bubble, and had the benefit of Bush I's policies which I think were more balanced budget than most recent types. Our debt is growing pretty fast, and yes, we might turn it back, but it strikes me that it could be a very long time away. The hole was pretty deep, and the tools for getting out I feel Bush II destroyed. Obama is fighting and (rebuilding the tools--infrastructure and all that--which we really were borrowing from for a number of decades--false profits also as we recently found out), but the hole is only getting deeper. Hope your right.