Since some people are being partisan here, I guess its O.K. for me to note the fact that the country slipped into recession in March, about the same time the Democrats siezed control of the Senate.
Of course, Democrat controlled Congress ran deficits for decades. It was’nt until Republicans were voted in in 1994 that budgets started to be balanced.
Therefore, it seems to me that if you want to balance the budget, you need to have a Republican Congress.