Over the years you've heard the fake news the media puts out about the federal budget and deficits. You've heard the fake numbers that Bill Clinton balanced the budget : he didn't . He came close. But he didn't . The federal budget hasn't been balanced since 1957. Here's the real data from the federal government.For you rookies out there: when the federal government hides S&L bailouts, wars, other items from the budget and the national debt goes up in a given year-the budget isn't balanced.