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Reply #5: Speaking of republican deficits . . . [View All]

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snippy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-16-05 10:11 AM
Response to Reply #1
5. Speaking of republican deficits . . .
A comparison of government spending and the annual federal deficits accumulated since 1960 under republican presidents and under democratic presidents shows that republicans are bigger spenders than democrats. Bush has been about average as a big spender for republican presidents. If Bush was a democrat he would be the biggest spending democrat since WWII.

The Kennedy/Johnson administrations accumulated deficits of $53.5 billion or $269.9 billion in constant 2000 dollars. Annual spending by the federal government averaged 18.8% of GDP and the annual deficit never exceeded 3% of GDP.

The Nixon/Ford administrations accumulated deficits of $265.5 billion or $798.5 billion in constant 2000 dollars. Annual spending by the federal government averaged 19.9% of GDP and the annual deficit exceeded 3% of GDP 2 times.

The Carter administration accumulated deficits of $252.7 billion or $519.4 billion in constant 2000 dollars. Annual spending by the federal government averaged 21.2% of GDP and the annual deficit never exceeded 3% of GDP.

The Reagan administration accumulated deficits of $1,412.2 billion or $2,082.3 billion in constant 2000 dollars. Annual spending by the federal government averaged 22.3% of GDP and the annual deficit exceeded 3% of GDP 7 times.

The Bush the Lesser administration accumulated deficits of $1,035.8 billion or $1,241.5 billion in constant 2000 dollars. Annual spending by the federal government averaged 21.9% of GDP and the annual deficit exceeded 3% of GDP 4 times.

The Clinton administration accumulated a surplus of $62.5 billion or $15.9 billion in constant 2000 dollars. Annual spending by the federal government averaged 19.6% of GDP and the annual deficit never exceeded 3% of GDP.

The Bush the Liar administration has so far accumulated deficits of $947.5 billion. and projects additional accumulated deficits during his administration of $1,612.5 billion. Annual spending by the federal government has averaged 19.7% of GDP and the annual deficit has exceeded 3% of GDP 2 times and will once again this fiscal year.

Thus, of the slightly more than $3.9 trillion in accumulated deficits since 1960, more than $3.6 trillion has been accumulated under republican presidents while only about $244 billion has been accumulated under democratic presidents. In constant 2000 dollars the numbers are more than $5.8 trillion in total accumulated deficits with about $5.1 trillion accumulated under republican presidents and about $700 billion accumulated under democratic presidents. And of the 15 times since 1960 that the annual deficit has exceeded 3% of GDP, every single time it was under a republican president.

http://www.whitehouse.gov/omb/budget/fy2006/sheets/hist01z3.xls(Note: The first year of a presidential term operates under the budget and appropriations of the last year of the preceeding presidential term, except for any supplemental appropriation bills passed during such first year. The summary above does not include any such supplemental bills.)


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