The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (104408)	8/11/2009 7:10:05 PM
From: Hoa Hao	Read Replies (1) of 110194

JFK still had budget deficits. It's just that we were not down the road so far as today. The stimulus at that time had greater effect then it does today. Kennedy had a slogan "Let's get America moving again." and after the election had to cast around to do so. One thing the Dems realized was that military spending got into the economy faster. So they cut taxes and pumped up military spending. Sound familiar?? Reagan was JFK writ large. Kennedy-Johnson Administrations (FY1962-FY1969) During the eight years of the Kennedy and Johnson administrations (FY1962-1969), the budget was in deficit for seven years. The largest deficit was $110.1 billion in FY1968. The only surplus was $13.4 billion in FY1969. The Kennedy-Johnson budgets added $250.9 billion to the national debt and averaged a yearly budget deficit of $31.36 billion. dkosopedia.com BTW, the chart you posted really needs to go back to 1920 if possible.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next