Berkeley CSUA MOTD:Entry 35886
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2025/04/03 [General] UID:1000 Activity:popular
4/3     

2005/1/25 [Politics/Domestic/President/Clinton, Politics/Domestic/President/Reagan, Politics/Domestic/President/Bush] UID:35886 Activity:very high
1/25    Budget deficit of $368b predicted for this year, plus whatever Bush
        gets for Iraq. How does that compare to Reagan?
        \_ Here's a graph from 1960-2002.  Sadly can't find one including
           the last two years.   Not sure if the projected '03 and '04
           numbers include projected Iraq expenses.  [thanks for stomping
           my change, asshat]
           http://www.uuforum.org/deficit.htm
           \_ Great resource, thanks! More specifically, how do these deficits
              compare in terms of real dollar value at the time (i.e., Reagan's
              deficits in 1980 dollars vs. Bush's deficits in same)?
              \_ http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0
                 The tables are not in constant dollar, but they also give
                 the amounts in percentage of GDP, which is really what you
                 should be looking at anyway.  The Reagan and the early
                 Clinton years were both worse for the deficit.
                 \_ Uh.  When do you think the "Clinton years" started?
                    Starting in 93 (The start of the clinton years), the
                    deficit headed DOWN.  It's Reagan and Bush I that were
                    "worse for the deficit".
                    \_ Clinton had the good fortune to enjoy the benefits
                       of the heavy lifting Bush I did on raising taxes.
                       Bush II won't repeat the same mistake of doing the
                       hard work so a Democrat can take the credit.
                       \_ Or you could say that Bush I took the brunt of
                          trying to keep the country solvent because of the
                          excesses of the 80's, and people realized that
                          cutting taxes while increasing spending ... doesn't
                          work.
                          \_ The 2 views are not contradictory.
                       \_ Have you heard of "The Pledge?"  No Republican will
                          ever raise taxes again, ever.
                          \_ Why do Republicans hate America?
                          \_ "Read my lips" notwithstanding, Bush I might well
                             have won the re-election if he had another year
                             in his first term and the country started
                             enjoying the fruits of his tax increases.
                             \_ Maybe, but the lesson the Republicans learned
                                from Bush I was "Raise taxes and die."
                   \_ Much credit goes to Newt Gingrich, for keeping down
                      spending from 96 onwards. -liberal
                      \_ And for championing "family values" while in the
                         midst of a 7 year affair with one of his employees!
        \_ $368 + $100B for war + ??? for SS "reform"
           It could easily be over $600B.
        \_ How the hell did Clinton get +523 while all the rest get negatives?
           He didn't do anything that was so radical from the other
           presidents. Talking about radical, Bush=radical conservative.
           \_ Between 91 and 95, they fixed a number of structural budget
              problems.  From that, the discussion was able to move from
              "how to balance the budget" to "how much do we use to pay
              down the debt and how much to cut taxes".
2025/04/03 [General] UID:1000 Activity:popular
4/3     

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Cache (1293 bytes)
www.cbo.gov/showdoc.cfm?index=1821&sequence=0
Historical Budget Data Retrieve in: Historical Budget Data The historical budget data presented below are from Appendix F of the CBO publication The Budget and Economic Outlook: Fiscal Years 2005-2014 , released on January 26, 2004. Revenues, Outlays, Surpluses, Deficits, and Debt Held by the Public, 1962 to 2003 Billions of dollars Table 2. Revenues, Outlays, Surpluses, Deficits, and Debt Held by the Public, 1962 to 2003 Percentage of GDP Table 3. Revenues by Major Source, 1962 to 2003 Billions of dollars Table 4. Outlays for Major Spending Categories, 1962 to 2003 Billions of dollars Table 6. Outlays for Major Spending Categories, 1962 to 2003 Percentage of GDP Table 7. Outlays for Entitlements and Other Mandatory Spending, 1962 to 2003 Billions of dollars Table 10. Outlays for Entitlements and Other Mandatory Spending, 1962 to 2003 Percentage of GDP Table 11. Surpluses, Deficits, Debt, and Related Series, 1962 to 2003 Table 12. Standardized-Budget Surplus or Deficit and Related Series, 1962 to 2003 Billions of dollars Table 13. Standardized-Budget Surplus or Deficit and Related Series, 1962 to 2003 Percentage of potential GDP Detailed historical data are maintained by the Office of Management and Budget and published annually as part of the Presidents budget submission.