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URL:  http://boards.fool.com/hi-madcapitalist-1-we-havent-had-a-budget-30405500.aspx

Subject:  Re: Facts are stubborn things Date:  11/29/2012  4:00 PM
Author:  rclaussen Number:  1841013 of 2097762

Hi MadCapitalist,

“1) We haven't had a budget surplus when Democrats controlled Congress since 1969…
// …
“6) Even when tax revenue hit a post-World War II low as a percentage of GDP in 2009 (15.1%) because of the economic downturn, …”

“Those pesky facts…”

It appears you are trying to create a cause/effect argument. The issue is the effect is far more complicated than just saying the deficits are higher when the Democrats are in control, therefore, the Democrats are the cause which is what you are trying to have us believe.

For example, you state:

“Total spending increased 29% in only two years from FY 2007 to FY 2009 under a Democrat-controlled Congress.”

I do not disagree spending increased. However, to be fair, you must acknowledge the increase in spending occurred during the most severe recession since the Great Depression and WOULD HAVE OCCURRED regardless of WHO was in control. That is simply a function of the safety net which helped stabilize the economy in the mist of freefall and prevent the decline into a depression.

For example, you state:

“6) Even when tax revenue hit a post-World War II low as a percentage of GDP in 2009 (15.1%) because of the economic downturn, real per capita tax revenue ($6,183) was 17% higher -- in real terms -- than 30 years earlier ($5,276 in 1979). Yep, real per capita tax revenue was much higher after the Reagan and Bush "tax cuts," and yet these "tax cuts" contributed to our budget problems (http://boards.fool.com/taxes-and-spendin