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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (66891)	5/19/2008 9:46:54 PM
From: ManyMoose	Respond to of 543651

Bush should have used the veto a lot. McCain says he will, vigorously. I have no doubt that he will. I don't know about Obama and Clinton. I'm sure they will veto bills they don't like and sign ones they do, even if such bills depart from what I think should be the principal roles of the federal government. I spent my life in the federal government. It worked much better when Presidents used their veto powers.

To: Bearcatbob who wrote (66891)	5/19/2008 10:36:17 PM
From: Dale Baker	Respond to of 543651

Modern Republicans have all run deficits, without a surplus anywhere. The notion that real Republicans have an overwhelming sense of fiscal probity and prudence is a total myth. Budget Deficits by President and Party (By Dwight Meredith) From FY1962 (the first Kennedy budget) through FY2001 (the last Clinton budget) presidents have prepared forty budgets. Control of the White House was evenly divided between Republicans and Democrats with each party preparing and submitting twenty budgets. We decided to take a look at the fiscal performance of the Federal government during that period. The measurement we used was budget deficits and surpluses. We wanted to control for inflation to make the comparisons meaningful. Fortunately, the Government Printing Office publishes such information on the web. We got our data [1]here at table 1-3. All dollars are adjusted for inflation and are expressed as 1996 dollars. 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. Nixon-Ford Years (FY1970-FY1977) The Nixon and Ford administrations ran deficits for each of their eight years. The highest deficit was $188 billion in FY1976. The lowest deficit was $11.1 billion in FY1970. The Nixon-Ford budgets added $702.7 billion to the national debt and averaged a yearly deficit of $87.84 billion. Carter Years (FY1978-FY1981) The Carter administration ran a deficit in each of its four years. The highest deficit was $136.6 billion in FY1980 and the lowest was $83.1 billion in FY1979. The Carter budgets added $482.8 billion to the national debt and averaged yearly budget deficits of $120.7 billion. The Reagan Years (FY1982-FY1989) The Reagan administration ran budget deficits in each of its eight years. The lowest deficit was $188.6 billion in FY1989 and the highest was $311 billion in FY1983. The Reagan years added $1.94 trillion to the national debt and averaged annual deficits of $242.23 billion. The Bush (George Herbert Walker) Years (FY1990-FY1993) The Bush administration ran deficits in each of its four years. The highest deficit was $318.5 bilion in FY1992. The lowest was $261.9 billion in FY1990. The Bush years added $1.16 trillion to the national debt and averaged a yearly deficit of $289.68 billion. The Clinton Years (FY1994-FY2001) The Clinton administration ran deficits in each of its first four years and surpluses in each of the last four years. The largest deficit was $213 billion in FY1994 and the largest surplus was $219 billion in FY2000. The Clinton years paid down a net $14.2 billion of national debt and averaged a surplus of $1.78 billion.