Posted on 09/08/2011 12:30:50 PM PDT by CodeToad
Thanks very much. This is eminently bookmarkable.
You find decreasing deficits with a GOP Congress... wars notwithstanding.
Ping.
Pong.
I’ll be updating the files and images as people respond with comments and suggestions.
bttt
Do you think the Debt in 2009 caused by TARP should be ascribed to Obama, Bush or both?
While spending is authorized perhaps in one year, the year it is spent, I believe, is when it is attributed. So, no, I would leave the numbers as reported as I think the year each President spent the money is when the money is recognized. I could be wrong about that.
I agree. It’s murky.
Bush signed TARP but he didn’t modify it to save GM and Chrysler the way Obama did. I put that spending mostly on Bush but with an asterisk.
Bush signed a continuing resolution lasting until March of ‘09 that did include increases in discretionary spending although Obama signed off on the rest of ‘09 that doubled down on what Bush signed.
I do think the loss of revenue from 2008 to 2009 can be ascribed to Bush as that correlates best with the stock market on December 31st and Obama wasn’t even in office yet.
The stimulus is, of course, all Obama’s doing.
While I have no doubt Bush loves this country, he created this monster for massive spending, and he created the TSA, PATRIOT Act, etc. He over reacted to 9/11 and to the banking issue.
Agree mostly although I will say that no one realizes they are in a bubble when they are in a bubble. We were in a bubble in 1999. The Fed and Bush re-inflated the bubble by 2007. At the time, it looked like a normal economic expansion from 2001. With 20/20 hindsight, we can say it was a bubble.
Of this I am sure, we are now running deficits now that are going to crush our country’s future. Hopefully it will be a slow decline although there is every reason to think it won’t be. We have about two to five years before we become the latest chapter in this book, “This Time is Different” (A 121 page pdf, http://www.nber.org/~wbuiter/cr1.pdf . We don’t have a Germany to pay our bills like Greece does.
The Tech Bubble of 2001 was obvious and known to exist since at least 1996.
The Housing Bubble was obvious by 1997, since the Tech Bubble helped fuel easy money and it was also well known that mortgage lenders simply stopped asking questions and just pushed through paperwork. I was surprised it took so long to pop. I thought for sure it was a goner in 2005.
OTOH, I do use the free ASAP utility for Excel that includes an Excel to HTML routine that really works. Unless you're on a Mac you should give it try and see how it looks in FR's HTML sandbox. The results are pretty much one to one with what you see in Excel and the links (if you have any) are live. That's a big advantage if you need to include links that are built into the spreadsheet. I don't know any other way to do it.
Note that ASAP Utilities is free to use for Home users, Students and Charitable Organizations. You only need to buy it if you are a business.
ping
I use Office 2010. It outputs everything real nice.
>We cannot go back in time and try to conclude why a budget was more or less; we can only say that it was.<
Looking at the war years it explains why businesses love them. Gov’t spends during them like there’s no tomorrow.
Yep. Businesses love war so they politicians to keep us at war circa 1984.
Yep. Businesses love war so they pay politicians to keep us at war, circa 1984.
Here's what I've done... Zeugma's Debt page. I'm working on updating it.
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