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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Thomas A Watson who wrote (158108)2/20/2006 3:50:31 PM
From: Bridge Player  Read Replies (1) | Respond to of 794130
 
<<In 1988, Reagan’s last year in office, outlays as a percent of GDP were running at 21.3% with a deficit of 3.1% of GDP. The budget deficit over Reagan’s eight years averaged 4.2% and ran as high as 6.0% in 1983.>>
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<<In 2005, the budget deficit came in at 2.6%, with government outlays running at 20.1% of GDP.>>


It is irritating in the extreme that both the White House and the Congressional Republicans are so ineffectual in getting these numbers out into the public view and mindset. The Democrats keep blasting them on spending deficits with hardly a peep to defend themselves.