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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (539900)	1/1/2010 3:19:11 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1578098

Tim, 92.5% of the current debt was created since Reagan's time. So yes, I could go in search of who created the other 7.5%, but in terms of the pareto analysis, I think we've already found our culprits and they are the President's since Reagan's time. Also, as I said before. Keep in mind that the President signs the budgets into law every year. So no budget deficit is ever incurred without the signature of the President. Not only that, but the President presents his budget to Congress and Congress typically will create the budget along those guidelines. If they stray too far, then the President can veto it. Clinton did that once, which proves that ultimately the President has a very strong hand in the outcome. In fact, the only way you could exculpate a President from the budget deficits is if Congress used their power to override a Presidential veto, and that takes a 2/3 majority in BOTH houses to do. That has never happened on the budget from Reagan onwards, which is the time period relevant for examining our current debt. In conclusion, it is perfectly reasonable to say the Presidents since Reagan are responsible for our current deficits and our debt.