Quote:
Originally Posted by Timber Loftis
Moreover, though Obama's numbers aren't in yet, you may be interested to find this out: our national debt as a % of GDP has only increased under Republican Presidents.
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Fixed it for you since the orginal wasn't totally accurate.
It's ALSO interesting to note, since you're dragging in historical information that the national debt debt as a % of GDP has increased significantly MORE under DEMOCRACTIC congresses than under Republican ones..
Since 1980, the House of Representatives, which controls the nation's budget pursuant to Article 1, Section 8 of the US Constitution (subject to Presidential veto), has been controlled for 12 years by Republican Party and will be controlled for 18 years by the Democratic Party until 2010
Democratic Houses run budget deficits on average FIVE TIMES higher than Republican Houses (4.7% versus .9% of GDP).
But under any measure those last two years were a REAL Doozy!
First chart shows deficits during 1995 to present
Second chart shows deficits back to 1980 as % GDP
So who is it you want to blame the deficits on again?