Republican (fascist/socialist) former governor Ronald W. Reagan, of the republic of california, presidential nominee of the Republican party, in a televised campaign address to the nation promises “a balanced [Federal] budget by 1983, and possibly by 1982.”
Postscript: President Reagan’s budget deficits for 1982 and 1983—without accounting gimmicks—were 146,000,000,000 and 287,000,000,000 “dollars” respectively.
[added 11/25/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Martin Feldstein, ed., American Economic Policy in the 1980s, (Chicago, Illinois and London, United Kingdom: University of Chicago Press, 1994), 245.
History of the United States public debt – Wikipedia
en.wikipedia.org/wiki/History_of_the_United_States_public_debt
National Debt by Year: Compared to GDP and Major Events
www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Televised Campaign Address “A Vital Economy: Jobs, Growth, and Progress for Americans” | The American Presidency Project
www.presidency.ucsb.edu/documents/televised-campaign-address-vital-economy-jobs-growth-and-progress-for-americans
Current U.s. National Debt:
