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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (23667)10/25/2007 5:11:56 PM
From: DuckTapeSunroof  Read Replies (2) | Respond to of 71588
 
It's certainly true, Tim, that *divided government* exerts a greater restraint upon government spending then letting EITHER political party have all the keys to the Treasury. :-)

That seems to be one thing which post WW II history has made abundantly clear....

(Even so... 'divided government' does not appear to be 'magic' in any way, shape, or form. Restraining federal spending and producing balanced budgets is hard work. I'd suggest that the SINGLE BEST, most effective long-term solution... would be to get behind the proposed Balanced Budget Amendment to our Constitution in a BIG way.)

And, glance at those 'percent of GNP' deficit figures once more. (Just what do you suppose it is about the Bush surname that allows red ink like that?)

BUDGET YEAR SURPLUS OR DEFICIT (-) AS PCT OF GDP
(Surpluses bolded.)

2007 -$162.8 bln 1.2

2006 -$247.7 bln 1.9

2005 -$318.7 bln 2.6

2004 -$412.7 bln 3.6

2003 -$377.6 bln 3.5

2002 -$157.8 bln 1.5

2001 $128.2 bln 1.3

2000 $236.2 bln 2.4

1999 $125.6 bln 1.4

1998 $69.3 bln 0.8

1997 -$21.9 bln 0.3

1996 -$107.4 bln 1.4

1995 -$164.0 bln 2.2

1994 -$203.2 bln 2.9

1993 -$255.1 bln 3.9

1992 -$290.3 bln 4.7

1991 -$269.2 bln 4.5

1990 -$221.0 bln 3.9

1989 -$152.6 bln 2.8

1988 -$155.2 bln 3.1

1987 -$149.7 bln 3.2