Us Budget History

Discussion in 'Business & Economics' started by jwsiii, Jun 7, 2004.

  1. jwsiii Registered Senior Member

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    Where can I find a listing of every budget surplus/deficit from the past 100 years or so?
     
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  3. kazakhan Registered Abuser Registered Senior Member

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    That's a good question! I've been wondering that recently about Australias. Just from memory it seems it's usually a deficit. I'll have to look it up now

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  5. StarOfEight A Man of Taste and Decency Registered Senior Member

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    JWSII ... the Bushgame has the surpluses and deficities from Reagan, Bush I, Clinton, and Bush II.
     
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  7. Undecided Banned Banned

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    I know in the 20's the US had a budget surplus, then under FDR you can imagine, then the US got a minor surplus in the 60's then the spending spree of the 70's, then Reagan who destroyed the budget, then under Clinton a surplus until Bush and his tax cuts. The US isn’t expected to have a budget surplus until 2040 I believe.
     
  8. GuessWho A Californian Registered Senior Member

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    This is what I think. The republican party is the party that builds better economy and after done building a strong economy, they are no longer needed then the democrat party takes over until the economy goes down so bad that the republican party is needed to rescue the economy until it gets strong again then the cycle keeps on going.

    The stock market knows this and reacts accordingly. For example, during the Florida controversy in 2000 election, the stock market rises if there was good news for Bush but falls if there was good news for Gore.
     
  9. Zxanthaxzantheus On a posting binge. Registered Senior Member

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  10. vodooeconomist Registered Member

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    The Atlanta Journal-Consitution pointed this out a couple of months ago in a (business) front-page doodad. When I mentioned the trend to an Economics professor of mine (also the faculty advisor person for my college's young republicans), he just shrugged it off saying that there wasn't necessarily any correlation between the party in power and the nation's economic health (although I am skeptical of this counter-claim due to available evidence).
     
  11. Undecided Banned Banned

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    I think this should help:

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  12. paulsamuel Registered Senior Member

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    actually, it's exactly the opposite. republicans are bad for the economy. we'll never stop paying for reagan's deficit. it took 6 years to get back on track under clinton, where we ran a surplus economy, now we're right back into a deficit and a recession. bring back the democrats so we can get our economy back on track.
     
  13. wesmorris Nerd Overlord - we(s):1 of N Valued Senior Member

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    LOL. We aren't in recession in the US, but many lefties would have you believe that we are as an excuse to usurp power. We went into recession and back out all under GW's reign, so your "republicans hurt the economy" or for that matter "the party in power correlates to economic growth" is bunk - unless of course you can explain how dems are somehow responsible for the recovery.
     
  14. Tiassa Let us not launch the boat ... Valued Senior Member

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    Interesting, Wes. Most people I know on the left gave up fighting the, "There is no recession," argument because nobody would listen. Back at the period you refer to, when we "went into recession and back out all under GW's reign," the negative numbers were there but not the duration.

    What we do know about that period, though, is that a number of things came together. The Clinton economy had the benefit of a trillion dollars spent on Y2K, the building of an internet infrastructure, and a technology race that saw Microsoft putting out operating systems rather frequently, and therefore IT departments spending lots of money testing, implementing, and maintaining them.

    The Clinton economy was dying. Intel, Microsoft ... nobody whose products could cause massive spending across the country put up products during that time. The infrastructure was largely in place. IT hiring dropped, tech stocks rumbled ... in the end, though, having Dubya shouting, "The sky is falling! The sky is falling!" did us no good. Given how much of the nation's economic performance is psychological (it was said under the Clinton administration that one night Greenspan was seen at dinner with his wife and he was smiling, and the next day a slide on the stock market stopped, with all the implied connection that seems almost ridiculous) screaming that the end is nigh might have been a good idea for the short-term goal of winning the election, but ye gads, that sort of thing is irresponsible.

    I also like to mention on these occasions that, quite literally, prices went up at my local grocery stores the very day Bush was inaugurated. The psychological effect of this presidency on the economy has been nearly atrocious.

    What lefties would have us believe that we are in a recession? I haven't heard the term at all recently except the occasional GOP pundit praising Bush's handling of the recession.

    I mean, technically, I would have some wrath for a leftist exploiting a false recession facilitated by the right. But I just haven't come across it recently. Of course, I haven't been listening to Air America, so if that's where it comes from ... well, I'm not yet a fan. So whatever lefties are trying to match the gutter politics of the right wing by screaming recession at this point ... well, there's a reason the Dems got slapped in '02.
     
  15. wesmorris Nerd Overlord - we(s):1 of N Valued Senior Member

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    9,846
    Well, I'm not up for a search, but I'd swear just a few weeks ago I heard Kerry beating that drum. Note that if lefties were in the whitehouse, and the economy were in the same condition, I would say the same thing about the righties - as they would surely be trying the same horseshit. I despised the republicans during the second Clinton election, as they used the same cheap, shallow, manipulative spin on all their info that the dems (in the media) seem to now (except in general the media is less sympathetic to righties than lefties it seems - given that over 70% of news people are dems or lefties or something). (Here's a link I found at random on media bias. It seems scientific enough I suppose.)

    Well I only skimmed this link but it seemed relevant. I don't know if it's credible or not, but what the hell here it is: http://www.oregonlive.com/news/oreg...thinking the economy sucks and we are doomed.
     
    Last edited: Jul 14, 2004

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