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Alex Palazzo is an Assistant Professor in the Department of Biochemistry at The University of Toronto.


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« Bill Clinton tells America to look at the facts | Main | Let's talk about facts this election - Part III - Health Insurance »

Let's talk about facts this election - Part II - The Federal Budget Deficit

Category: Election '08
Posted on: August 28, 2008 9:46 PM, by Alex Palazzo

Again here's a simple graph that says it all.

deficit.jpg

And they say that Democrats are fiscally irresponsible.

Find more posts in: Politics

Comments

1

While I'd agree that the last few years of the Republican-controlled congress saw them spending like drunken sailors, labeling the x-axis with presidents isn't necessarily the most fair metric. It's congress that sets the budget. Reagan and GHWB had mostly Democratic congresses, Clinton had a Republican one.

There's no excuse for the Republicans between about 2000-2006 though.

Posted by: Matt Springer | August 29, 2008 12:25 AM

2

I am but simple physicist.

As far as I know, there is no correlation between who controls congress and the budget deficit. Therefore, theories which lay the blame on congress are pointless.

Posted by: Ethan | August 29, 2008 7:17 AM

3

This graph is really amazing! It could reveal all the party possessions.

Posted by: Emily | August 29, 2008 7:25 AM

4
Reagan and GHWB had mostly Democratic congresses
Unfortunately, during those years, a solid 10-15% of the congressional Democrats (e.g. John Kerry) voted with Reagan and GHWB on almost every budget issue. In particular, they supported Reagan's fiscally irresponsible tax plans, and Reagan's grotesque expansion of ICBMs and other useless military delusions. (Obviously that can't excuse the Democrats. Likewise, at least some Republicans deserve to share with Clinton the credit for the surplus achieved during Clinton's term), while Reagan and GHWB pushed extravagant spending policies, particularly through agressive military policy. Clinton pushed for restraint. A great deal of the Clinton-era surplus is due to Clinton pursuit of huge military cutbacks. Over the last 27 years, congresses has largely followed the lead of the president on budget issues. Historically speaking, about 19 of those 27 years were rather peculiar in that a congress with an opposing party majority largely followed the lead of the president on budget issues. The President, as commander in chief, with the aid of the war powers act, executive decisions, and so forth, has a huge influence on military expenditures - and that played a big role in the budgets of the last 27 years.

Posted by: llewelly | August 29, 2008 11:28 AM

5

Congress always overspends - each representative pork barelling for their districts. The President's inclination is to underspand, as he is identified with the IRS.

But when the elections are rigged, all that goes out the window. The money goes straight from the people to the military, from there to the military contractors, and thence to the trouser pockets of congresspersons via "campaign contributions". That graph is not a graph of spending so much as a graph of corruption - a measure of just how much bribery igoing on.

Posted by: Paul Murray | August 31, 2008 11:28 PM

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