I remember in the Early 70's there was a (for lack of a better term) concerned Citizen that had a Sign in His back Yard facing the Tracks that said "No Billion Dollar national debt".
If it was only that way Now.

Remember G.H.W. Bush and the S&L Disaster? That crap began under Carter. You are off by a couple Presidents.
Remember Ronnie Reagan and Star wars? A direct cause of fall of the Soviet Union. ..a good thing unless you are a Marxist.
Remember Bill Clinton and the Supposed Surplus? Peace dividend.Don't ask me about Clinton's smoke and mirrors. Ask him.
Remember G.W. Bush and Casper Weinberger Claiming the War in Iraq would not cost us anything and we Can Cut our income and come out ahead.Somehow, I missed that. Cap was Sec of Defense under Reagan. There were two more Presidents in office between Reagan and W.