The USA hasn’t had a balanced budget since Bill Clinton was in office circa 1999.
Let thank sink in. #Bitcoin 
Discussion
wonder when Canada was balanced?
Not since 2007. Surprisingly, more recent than the US. However, Canada’s budget took a massive nosedive in 2020 
Repealed Glass Steagall + internet bubble all of which blew up on the next guy's watch.
Interesting. The US has to provide USD and even more importantly UST to the world as the global reserve issuer (due to/since the establishment of petro-dollar system). This means it has to run deficits (= UST issuance), which can than be monetized by Fed and Banks (create USD liquidity). Hence, constant deficits are a feature not a bug.
1999 was peak prosperity, all downhill from there