Getting back to the topic of the demise of Dems, looks like in their strongholds like Baltimore and Chicago they are certainly working hard on postpartum abortion of Democrats.
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unfortunately, they are also destroying the once great cities of the US. I see crime is up in Comrade de Blasio's NYC, as well.
The Republicans have a distorted view when it comes to Reagan and continue to put him on a high pedestal.
Reagan inherited a deficit of $79 billion. He left office with a defecit of $155 billion.
Despite Republican's claims of smaller government, under Reagan, the size of federal government increased.
BS
| Congressional session | Years | President | President's party | Debt-to-GDP ratio at start of period | Debt-to-GDP ratio at end of period | Change in debt (in billions of dollars) | Change in debt-to-GDP ratio (in percentage points) |
|---|---|---|---|---|---|---|---|
| 77–78 | 1941–1945 | Roosevelt | Democratic | 50.4% | 117.5% | +203 | +67.1 |
| 79–80 | 1945–1949 | Roosevelt, Truman | Democratic | 117.5% | 93.1% | -8 | -24.4 |
| 81–82 | 1949–1953 | Truman | Democratic | 93.1% | 71.4% | +13 | -21.7 |
| 83–84 | 1953–1957 | Eisenhower | Republican | 71.4% | 60.4% | +6 | -11.0 |
| 85–86 | 1957–1961 | Eisenhower | Republican | 60.4% | 55.2% | +20 | -5.2 |
| 87–88 | 1961–1965 | Kennedy, Johnson | Democratic | 55.2% | 46.9% | +30 | -8.3 |
| 89–90 | 1965–1969 | Johnson | Democratic | 46.9% | 38.6% | +43 | -8.3 |
| 91–92 | 1969–1973 | Nixon | Republican | 38.6% | 35.6% | +101 | -3.0 |
| 93–94 | 1973–1977 | Nixon, Ford | Republican | 35.6% | 35.8% | +177 | +0.2 |
| 95–96 | 1977–1981 | Carter | Democratic | 35.8% | 32.5% | +288 | -3.3 |
| 97–98 | 1981–1985 | Reagan | Republican | 32.5% | 43.8% | +823 | +11.3 |
| 99–100 | 1985–1989 | Reagan | Republican | 43.8% | 53.1% | +1,050 | +9.3 |
| 101–102 | 1989–1993 | Bush Sr. | Republican | 53.1% | 66.1% | +1,483 | +13.0 |
| 103–104 | 1993–1997 | Clinton | Democratic | 66.1% | 65.4% | +1,018 | -0.7 |
| 105–106 | 1997–2001 | Clinton | Democratic | 65.4% | 56.4% | +401 | -9.0 |
| 107–108 | 2001–2005 | Bush | Republican | 56.4% | 63.5% | +2,135 | +7.1 |
| 109–110 | 2005–2009 | Bush | Republican | 63.5% | 84.2% | +3,971 | +20.7 |
| 111–112 | 2009–2013 | Obama | Democratic | 84.2% | 102.7% | +6,061 | +18.5 |
(Source: CBO Historical Budget Page and Whitehouse FY 2012 Budget – Table 7.1 Federal Debt at the End of Year PDF, Excel, Senate.gov)
Looks like Bill Clinton didn't do too bad!
BS
The statistics speak for themselves.
BS
The statistics speak for themselves.
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Not exactly, Clinton inherited the "Peace Dividend" from the Reagan-Bush era which led to defense cuts and Clinton was the beneficiary of the Tech-Boom. Also the Clinton Administration made use of accounting gimmicks to create a surplus from a small deficit.
Clinton's 'surplus'-smoke and mirrors.
Not exactly, Clinton inherited the "Peace Dividend" from the Reagan-Bush era which led to defense cuts and Clinton was the beneficiary of the Tech-Boom. Also the Clinton Administration made use of accounting gimmicks to create a surplus from a small deficit.
That may be true but still the decefit went from +288 in Carter's admin to +823 in Reagan's first term. Reagan's second term saw the defecit increase even more and in Bush's admin, it skyrocketed even higher.
Those accounting gimmicks became of age after he left office. Leaving
a mess. 9/11 didn't help either, but the vandalism by the Clintons when
they left the warehouse was like a herd of ferguson thugs. real class.
They still loot whatever, as they go. More class.
The present occupant of the Oval Office will be recorded as a major failure. When he leaves office, the national debt will have nearly doubled ($9.5 trillion added under his watch). The recovery at 1.89 percent of GDP during the last 25 quarters is the worst since the 1930s. As he leaves, economists predict another recession in 18 to 24 months, His foreign policy is a failure. His domestic policies are a failure.
Clearing up the mess caused by the previous administrations would be a daunting task for anyone.
Clearing up the mess caused by the previous administrations would be a daunting task for anyone.
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Nonsense, the recession certainly was not caused by Bush policies. There have been other recessions, but no recovery this slow since at least the 1930s, possibly 1920. Bush carries blame for invading Iraq, but not for allowing the growth of ISIS,. Nor the increased belligerence of China, Iran and Russia. Obama's next strategy appears to be to let the clock run out and stick the next president with the mess.
