Pres. Clinton's State of the Union speeches: on Budget & Economy

Zero deficit, not 11 zeroes, for first time in 30 years

Turning a sea of red ink into black is no miracle. It is the product of hard work by the American people and of two visionary actions in Congress: the courageous vote in 1993 that led to a cut in the deficit of 90%, and the truly historic bipartisan balanced budget agreement passed by this Congress. Here's the really good news: If we maintain our resolve, we will produce balanced budgets as far as the eye can see.