The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Facts are stubborn things||Date: 12/1/2012 5:11 PM|
|Author: DufusGoneSplat||Number: 1841496 of 2130887|
Liberals *always* dance around the fact that Congress votes the budgets into law and instead blame Presidents because they know that Democratic Congressmen did not vote for responsible budgets.
I generally attribute budgets to the administration because, generally speaking, I think it fair. As I mentioned earlier, the president initiates the budget process with his proposal and he has veto power at the end of the process.
For instance, you mentioned the last surpluses occurred under a GOP led House (and Senate). But when Bush-II took office, with the GOP retaining control of the House and Senate, his first budget year returned us to deficit spending, and his second budget year set a new record for deficit spending. The difference - the President.
Similarly, when Clinton took office, the Dems had also retained control of both the House and Senate. When you look at the deficit spending, you see the decline beginning with the first year of Clinton's 1993 tax increases. These deficit reductions continued resulting into the surpluses Bush-II inherited. The difference - the President.
So the Dems were in power as deficits climbed under Bush-I but also as deficits fell under Clinton. The GOP was in power both as surpluses swelled under Clinton but deficits returned under Bush-II. These turning points were not coincidental and had everything to do with the president, IMHO.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|