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To: avacado

“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.


261 posted on 02/10/2009 3:18:07 PM PST by jackmercer
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To: jackmercer
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"

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.

263 posted on 02/10/2009 3:28:52 PM PST by avacado (Bipartisanship is when Democrats and Republicans get together to rob the American people blind)
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