What the national debt was under various presidents since the "70s. It's quite shocking and you can certainly tell who does what right.
Increases in the National Debt Chart
US government debt chart
US government debt chart
I think you would find it instructive if you were to compare average incomes over the same periods. Bet you find incomes were falling (and tax revenues) as the national debt was rising - america's prosperity was built on a high wage economy with an affluent workforce able to buy goods. As jobs have gone abroad and companies chased the bottom line it as been at the expense of their customer base. Most american capitalists and sadly most british ones ignore that the heart of capitalism is a well educated, healthy and well paid work force whose prosperoty feeds back in to the economy. Smacks of socialism you se.
US government debt chart
The link wont work for me. I'll try it later
"He has all the virtues I dislike and none of the vices I admire."
Winston Churchill
Winston Churchill
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Accountable
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US government debt chart
Since the budget and debt are the responsibility of Congress, it would be interesting to see their party control on that same timeline.
US government debt chart
Yes AC that is part of it, I do remember Reagan fighting with congress about his budgets, all of which he wanted to raise and was resisted by a Democratic congress. Clinton may have been a beneficiary of the tax revenue of the booming 90s and was able to cut the debt that way. Clinton is also responsible for NAFTA and the like. It's not as simple as it looks by any means.
GMC you are correct.
GMC you are correct.
US government debt chart
Accountable;1354842 wrote: Since the budget and debt are the responsibility of Congress, it would be interesting to see their party control on that same timeline.
The GOP was in charge for most of the last major spike.
National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
The GOP was in charge for most of the last major spike.
National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
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US government debt chart
yaaarrrgg;1354879 wrote: The GOP was in charge for most of the last major spike.
National debt by U.S. presidential terms - Wikipedia, the free encyclopediaYes, thank you for the predictable presentation of partial fact.
Here's a link to a chart of party control in Washington, 1945-2009. I would think that the most telling would be what happens when one party is in control of both houses and the White House, though economic & political factors have a bigger impact than which side of The Party was running the sideshow. It's regrettable that Scrat's link only goes back to Ford, but I'm guessing that's as far back as the spinmeister author could go and still keep his magic show going.
'77-'80 was all Donkey, all the time. Double-digit inflation; double-digit unemployment during peacetime.
'93-'94 was also Dem. Huge cuts in military spending, as it should have been (shoulda been more, imo). I don't remember how the economy was back then. I was busy closing Air Force bases.
'03-'06 was the one and only Running of the Elephants. The trend looks remarkably like Carter's spending trend '77-'80, though the political/economic landscape was completely different, what with the artificial economic booms making real bubbles and artifical intelligence making real wars.
eta: Interesting that he left out the current Burro-cracy & the debt they've piled up.
To look as this absolutely incomplete snapshot and wrongly assuming that D & R are the only two options, it looks like the best way to go is to have an ass for a president and a big bloated elephant of a congress.
National debt by U.S. presidential terms - Wikipedia, the free encyclopediaYes, thank you for the predictable presentation of partial fact.
Here's a link to a chart of party control in Washington, 1945-2009. I would think that the most telling would be what happens when one party is in control of both houses and the White House, though economic & political factors have a bigger impact than which side of The Party was running the sideshow. It's regrettable that Scrat's link only goes back to Ford, but I'm guessing that's as far back as the spinmeister author could go and still keep his magic show going.
'77-'80 was all Donkey, all the time. Double-digit inflation; double-digit unemployment during peacetime.
'93-'94 was also Dem. Huge cuts in military spending, as it should have been (shoulda been more, imo). I don't remember how the economy was back then. I was busy closing Air Force bases.
'03-'06 was the one and only Running of the Elephants. The trend looks remarkably like Carter's spending trend '77-'80, though the political/economic landscape was completely different, what with the artificial economic booms making real bubbles and artifical intelligence making real wars.
eta: Interesting that he left out the current Burro-cracy & the debt they've piled up.
To look as this absolutely incomplete snapshot and wrongly assuming that D & R are the only two options, it looks like the best way to go is to have an ass for a president and a big bloated elephant of a congress.
US government debt chart
Accountable;1354891 wrote: Yes, thank you for the predictable presentation of partial fact.
Here's a link to a chart of party control in Washington, 1945-2009. I would think that the most telling would be what happens when one party is in control of both houses and the White House, though economic & political factors have a bigger impact than which side of The Party was running the sideshow. It's regrettable that Scrat's link only goes back to Ford, but I'm guessing that's as far back as the spinmeister author could go and still keep his magic show going.
'77-'80 was all Donkey, all the time. Double-digit inflation; double-digit unemployment during peacetime.
'93-'94 was also Dem. Huge cuts in military spending, as it should have been (shoulda been more, imo). I don't remember how the economy was back then. I was busy closing Air Force bases.
'03-'06 was the one and only Running of the Elephants. The trend looks remarkably like Carter's spending trend '77-'80, though the political/economic landscape was completely different, what with the artificial economic booms making real bubbles and artifical intelligence making real wars.
eta: Interesting that he left out the current Burro-cracy & the debt they've piled up.
To look as this absolutely incomplete snapshot and wrongly assuming that D & R are the only two options, it looks like the best way to go is to have an ass for a president and a big bloated elephant of a congress.
The missing part of the puzzle for a lot of the ecomomic problems, IMO, is that domestic oil production peaked in about 1970. After that, it is all downhill.
Though, look at the larger trend of the political map. In 1980 we see a radical change in national debt. There is a change in president but no party change in House or Senate for several decades. Reagan was the change here.
Carter actually was trying to solve the energy problem whereas Reagan just put everything on credit card, importing our oil. He also thought he could cut taxes and ramp up spending (star wars, cold war arms).
Here's a link to a chart of party control in Washington, 1945-2009. I would think that the most telling would be what happens when one party is in control of both houses and the White House, though economic & political factors have a bigger impact than which side of The Party was running the sideshow. It's regrettable that Scrat's link only goes back to Ford, but I'm guessing that's as far back as the spinmeister author could go and still keep his magic show going.
'77-'80 was all Donkey, all the time. Double-digit inflation; double-digit unemployment during peacetime.
'93-'94 was also Dem. Huge cuts in military spending, as it should have been (shoulda been more, imo). I don't remember how the economy was back then. I was busy closing Air Force bases.
'03-'06 was the one and only Running of the Elephants. The trend looks remarkably like Carter's spending trend '77-'80, though the political/economic landscape was completely different, what with the artificial economic booms making real bubbles and artifical intelligence making real wars.
eta: Interesting that he left out the current Burro-cracy & the debt they've piled up.
To look as this absolutely incomplete snapshot and wrongly assuming that D & R are the only two options, it looks like the best way to go is to have an ass for a president and a big bloated elephant of a congress.
The missing part of the puzzle for a lot of the ecomomic problems, IMO, is that domestic oil production peaked in about 1970. After that, it is all downhill.
Though, look at the larger trend of the political map. In 1980 we see a radical change in national debt. There is a change in president but no party change in House or Senate for several decades. Reagan was the change here.
Carter actually was trying to solve the energy problem whereas Reagan just put everything on credit card, importing our oil. He also thought he could cut taxes and ramp up spending (star wars, cold war arms).
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US government debt chart
Yes, yes. Repub bad, Dem good. Repub negatives are evil & irresponsibility. Dem negatives are regrettable mistakes, but their hearts were in the right place. Got it.
If you could shake the apologist pap out of your head, you might notice that both sides have chosen prosperity and comfort over liberty. But you keep telling yourself there's an important difference between them.
If you could shake the apologist pap out of your head, you might notice that both sides have chosen prosperity and comfort over liberty. But you keep telling yourself there's an important difference between them.
US government debt chart
I didn't see him actually say that, he pointed out two different presidents and the assignment of 'good' and 'evil' was your own.