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.
No doubt.
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.