When we briefly had a balanced budget (kinda, if you squint just the right way) we had 1990s tax levels and a major economic boom. We’ve since had two major ro

When we briefly had a balanced budget (kinda, if you squint just the right way) we had 1990s tax levels and a major economic boom. We’ve since had two major rounds of tax cuts by republicans, so a balanced budget isn’t feasible even in booms and when we’re not deficit spending on two stupid wars. And now we’ve got all the interest on the debt from those tax cuts and wars to worry about. If only anyone could have predicted this. Oh wait, everyone who knew anything about taxation policy did.