As is so often the case, the goal is wrong! A War on Poverty is supposed to eliminate poverty but does not because it is an unattainable goal. The War on Drugs is the same style error. In like manner a "balanced budget" does little good as it leaves no room to reduce the $16 trillion debt load. What happens when inflation rears its ugly head and interest rates rise again to 5%, 7% or 10% or more?
The proper goal for now is to reduce spending enough to produce surpluses with which to pay down the overbearing debt load. Hence the goal shoould be to produce surpluses and pay down debt.