The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Facts are stubborn things||Date: 11/29/2012 3:39 PM|
|Author: DufusGoneSplat||Number: 1841008 of 2152697|
Yes, facts are stubborn things. More stubborn facts:
1) We haven't had a budget surplus when Democrats controlled Congress since 1969.
And we haven't had a budget surplus with a GOP president since Eisenhower in 1960.
2) The Democrats controlled the House in every year of Reagan's Presidency and controlled Congress in 2 years.
In Reagan's 1982 budget, Congress, including the GOP controlled Senate spent 103.12% of Reagan's requests. The other seven years, Congress spent less than Reagan requested. In the two years the Dems controlled both the House and the Senate, they spent an average of 92.71% of Reagan's requests.
3) Spending as a percentage of GDP hit a 35-year low (18.2%) in FY 2000 after 6 years of Congress being controlled by Republicans.
Actually, it was 17.98% in 2000 under President Clinton, who signed those budgets. As soon as Bush-II got into the White House, and with the cooperation of the GOP House and the GOP Senate, those percentages began to rise. It was 25.24% of the GDP in Bush-II's last budget year.
Sorry - I have to cut this short. Time for my massage.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|