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

To: RetiredNow who wrote (540045)	1/1/2010 3:31:30 PM
From: longnshort	2 Recommendations Respond to of 1578238

everyone of Reagan's budgets was DOA it was a standing joke in DC at the time. The dems ruled congress and the budget then. Reagan wanted a line item veto, the MSM kills any repub that fights the budgets, like newt when he fought Clinton, Clinton whined and cried how Newt was gonna shut down the gov and starve all the little children and old people and the liberal press played that up to the stupid masses

To: RetiredNow who wrote (540045)	1/1/2010 4:03:46 PM
From: TimF	Respond to of 1578238

92.5% of the current debt was created since Reagan's time. Using nominal dollars, in a growing economy, with inflation, gives a distorted picture. Percentage of GDP is a more reasonable measurement. Also, as I said before. Keep in mind that the President signs the budgets into law every year. That was always in mind, it doesn't change or refute any point I made. Congress is as responsible as the president is. In fact, the only way you could exculpate a President from the budget deficits I never said anything that resembles, "the president is not responsible", just that congress, earlier presidents, earlier congresses, and factors outside the US government are also very important, and that you also have to consider the delay that typically occurs before a president's policies have their full effect. Even ignoring those points comparisons between Democratic and Republican presidents aren't very meaningful because there is no consistent Republican or Democratic, presidential budget and economic policy, and because you have a very small sample. The presidents are more discrete individuals than they are part of a party that imposes unchanging policy, and during the time frame we are talking about there have been very few presidents.