Republican (fascist/socialist) President Reagan, releases a statement to the national media praising the house of representatives for passing the Gramm-Latta Omnibus Budget Reconciliation Act: “The victory … was absolutely essential in order to meet our spending targets next year and balance the budget by 1984.”
NOTE: Eight months previous, as a presidential candidate, Reagan promised to balance the Federal budget by 1983.
Postscript: President Reagan’s budget deficit 1984—without accounting gimmicks—was 195,000,000,000 “dollars.”
[added 11/26/2022]
Subsequent Events:
References:
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
Statement on Approval of Federal Budget Reconciliation Legislation by the House of Representatives | The American Presidency Project
www.presidency.ucsb.edu/documents/statement-approval-federal-budget-reconciliation-legislation-the-house-representatives
Current U.s. National Debt:
