Posted on 01/09/2009 8:42:27 AM PST by avacado
This is just an FYI post regarding budget deficits and surpluses. It's interesting to note that since 1968 only a Republican Congress has run a budget surplus and that was from 1998 - 2001. In fact, Clinton was running quite a healthy yearly deficit until Newt Gingrich showed up with the 'Contract with America.' In terms of public debt, that increased 5% during Clinton's terms and about 5.1% during Bush's terms.
The surplus/deficit is listed under the column 'Total' at the link.
(Excerpt) Read more at cbo.gov ...
The public doesn’t care. They simply don’t care.
The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on “public assistance.” Cicero - 55 BC
They might care if GOP peeps were vocal and not lemmings
Exactly!!!
If you take major expenditures off budget and call it “discretionary spending” that doesn’t mean you are running a budget surplus. It just means you are fudging the numbers.
FACT: There has never been a year in recent history where our debt DID NOT increase. So that budget surplus marlarky is just smoke and mirrors. If you are increasing your debt, THERE IS NO SURPLUS.
Then, after a Republican was sworn in as President in Jan. of '01, they dramatically reversed course. The result: the GOP was slaughtered in both the '06 midterms and '08 general. Lesson learned? Doubtful.
The monthly and yearly statements include on and off budget expenses. You can read an actual statement here for further review: http://www.fms.treas.gov/mts/index.html
You are not understanding the budget statements. It is simply receipts minus outlays for on and off budget expenses. That's it. It's a number. You are adding in things that have nothing to do with the BUDGET statements. I am posting ONLY the budget results.
The Republican Congress from 1995 - 2006 ran a total budget deficit of $1.6 trillion.
The Democratic Congress from 2007 - 2009 will have run a budget deficit of $1.7 trillion or more.
It was an oversight they’ve since corrected.
LOL!!! Good one!!!
No doubt.
Good finding!
I once told a moderate/liberal person that “that mean Gingrich slashed spending; and Clinton gave us a surplus.” I was repeating liberal talking points in such a way that their absurdity became apparent. It was almost a bluff on my part, because I did not have the facts. Now I do. Thanks!
What I gleaned from the first table is that the Republican Congress gave us a budget surplus from 1998 to 2001. Government revenues and outlays both grew in those years, but revenues were larger than outlays.
Hmmm - actually, http://www.treasurydirect.gov/NP/BPDLogin?application=np shows a slight decrease in debt in the year 2000, but that’s it.
So I’d be willing to concede that there was a surplus in 2000, but none of the other years.
We are discussing apples and oranges. You are discussing the total public debt and I am simply discussing the BUDGET (surplus/deficit). The budget statements are simply the receipts minus the outlays per month for on and off budget expenses. A positive difference is surplus and a negative difference is a defficit.
Here is a monthly budget statement that you can look at: http://www.fms.treas.gov/mts/index.html
It's not so much that they don't care as it is they don't know. Most people don't have time to spend on FR and rely on the MSM.
Fox is only conservative enough to be just to the right of the others but still slightly left of center.
While Fox has the majority cable viewership, the combined viewership of CNN, MSNBC, CBS, ABC, NBC, PBS dwarf Fox viewership.
avacado wrote:
The Republican Congress from 1995 - 2006 ran a total budget deficit of $1.6 trillion.
The Democratic Congress from 2007 - 2009 will have run a budget deficit of $1.7 trillion or more.
..... I recently ran a “back of the napkin” analysis on the growth of the federal debt since 1976. It has grown every year since then, but it is irrefutably demonstrable that its rate of growth has been dramatically higher over that time when the Democrats have controlled Congress.
As to the growth of the federal debt during the Clinton administration -
1992-1994 [Democratic Congress] approx $300 bn per year.
1994-1996 [Republican Congress] approx $200 bn per year.
1996-2000 [Republican Congress] approx $100 bn per year.
What you report on your budget is irrelevant to the financial FACTS. If I decide not to report my mortgage “on budget” and spend my money without taking that into consideration, I can run a “surplus” too. But if my “surplus” is less than the actual expense of my mortgage, I actually incur debt.
So, assuming no change in net assets (savings on hand) if you want to determine if the government is *really* operating at a surplus, watch the debt number.
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