“Republican Congress 1995 - 2006: $1.6 trillion budget deficit.
Democratic Congress 2007 - 2009: $3 trillion plus budget deficit.
Fact!”
Ok, you obviously think we now have a parliamentary system with no presidents and thus no signing or veto of legislation so presidents in these years are irrelevant. But that isn’t the case so lets be a little more intellectually honest:
Let’s look at the national debt and changes according to the treasury data http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
Reagan years, debt increase of $1.7 trillion or 188%, 23.8%/year
1980 907 Billion
1988 2.6 trillion
Bush I with Dem Congress, debt increase of $2.6 trillion or 54%, 13.5%/year
1988 2.6 trillion
1992 4.0 trillion
Clinton with Dem Congress, debt increase of $600 billion or 14%, 7%/year
1992 4.1 trillion
1994 4.7 trillion
Clinton with Republican Congress, debt increase of $900 billion 19%, 3.2%/year
1994 4.7 trillion
2000 5.6 trillion
Bush with Republican Congress, debt increase of $2.9 trillion 52%, 8.7%/year
2000 5.6 trillion
2006 8.5 trillion
Bush with Dem Congress, debt increase of 1.5 trillion or 17%, 8.5%/year
2006 8.5 trillion
2008 10 trillion
Ok, so those are actual facts from actual data. What trends do you see?
This is what I see. Bush II with a republican congress grew the debt at 8.7% and with a dem congress, 8.5%...roughly the same. This tells me that we should be examining the guy that signs the bill and not just the one writing them.
Excuse me but by decree of the US Constitution the Congress appropriates and spends all money! That's fact!
As for total national debt, that includes more than just public debt/deficit debt. It includes government inter-holdings and robbing Social Security. That can hardly be place on Bush alone.
Here is the historical deficit/surplus and public debt. http://www.cbo.gov/budget/data/historical.shtml
The ONLY Congress to run a surplus was a Republican Congress from 1998 - 2001. That's fact!
If you think the Democrats' $4.3 trillion in 1 year compares to Bush and the Republicans you are nuts!
$700 billion TARP + $900 billion "stimulus" + $1.5 trillion treasury bank bailout + $600 billion current budget deficit fiscal 2009 (Oct - Feb) = $3.7 trillion dollars in the hole! And we haven't even finished budget fiscal 2009 which should add another $600 billion.
In just 1 year, $4.3 trillion in the hole, not including interest, under a Democratic controlled Congress and Obama.