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National Debt Graph by President

In 1981, the supply siders commandeered the Reagan Presidency and employed their Voodoo economics,
as Bush senior had called it in 1980. He was saying that tax cuts would
not increase government revenues. As you can see above, the Voodoo
performed just as Bush predicted, and the supply siders turned a 32-year
winning streak into a debt disaster that continues to this day. For
20-years, under Reagan and the Bushes, the national debt increased
compared to GDP every single year. In most other years it decreases.
Twenty years in a row can't be just and accident, but to understand you
need to learn the voodoo strategy. (Why Debt / GDP ?)
Bush senior fought against it, so the
Republicans didn't support him and he lost to Clinton, who put an end to
it supply-side economics. G. W. Bush brought it back full strength,
with V.P. Cheney saying "Reagan proved deficits don't matter." Currently
supply siders are in full control of the Republican party.




The green line shows
what would have happened to the national debt if Reagan and the Bushes
had balanced their budgets as Reagan claimed he would. G.W. Bush, in all
modesty, claimed he would "retire nearly $1 trillion in debt over the
next four years. This will be the largest debt reduction ever achieved
by any nation at any time."
Conservatives are quite embarrassed
by this performance, so they have invented a cover story: The
Democratic Congress did it. Nice try. But for 12 of the 20 years the
Congress was not Democratic. Also, presidents can veto, and when it was
Democratic, Congress passed smaller budgets on average than the Republican Presidents asked for. Presidents propose the budget, and they have the most influenceCongress: Not Democratic, and Not to Blame



Conservatives are embarassed by the way Reagan and the Bush's ran the debt up and out of control. So they have invented a cover story: The Democratic Congress did it. I have run into this lie dozens of times. So, I dug deep to set the record straight.


As the figure shows, Reagan and Bush senior got almost exactly the budgest they request in each of their 12 budget years.



  • Reagan:

  • [*]
    The first budget — passed by all Republicans and a few conservative Southern Democrats.
    [list]

  • This increased the debt by $144 Billion.

[/*]
[/*]

  • The next 5 budgets — passed by the Republican Senate and signed by Reagan.

  • [*]
    The last 2 budgets — passed by a Democratic Congress

    • Totalled slightly less than Reagan requested.

    [/*]
    [/*]

  • G. W. H. Bush:


  • Democratic Congresses under Bush passed smaller budgets than he requested in 3 out of 4 years.


  • These four Democratic budgets totalled $14.6 Billion less than Bush requested.


  • G. W. Bush:

  • [*]
    The first two budgets — Senate was split 50/50 and the House was Democratic.

    • Bipartisan and totalled $20 Billion less than Bush requested.


    • The biggest cause of deficits was Bush's enormous tax cut, mainly for the rich.

    [/*]
    [/*]

  • The next 4 budgets — the Congress was solid Republican.


  • The last 2 budgets — Bush vetoed modest Democratic attempts at spending.

  • [/list]In summary: Democrats
    controled Congress during 8 out the 20 years. During 4 of those years,
    Democrats decreased the budgets proposed by the Republican presidents.
    Their total effect during those 8 years was to reduce Republican budgets by $17 Billion (which is only 0.2%).

    Sources:
    September 20, 2010. I finally tracked
    down exactly what Congress did. There were a few scattered cites on the
    web to a mysterious House report from 1992, but I could never find it.,
    So a few days ago, I pulled together my best clues and wrote to the help
    desk at the Library of Congress. They nailed it in less than a day.
    Amazing. There is no such report, but they found a table with that name
    that is published annually and has all the budget results going back to
    the 1920s or so. (From the government printing office.)
    You can read in Time magazine
    how Reagan outmanuevered the Democrats to get his first budget passed.
    This is the budget that ended the 32 year payoff of the WWII debt and
    sent the national debt spinning out of control (except for a brief
    turn-around under Clinton).



    From the G. W. Bush White House: The Reagan-Bush Debt Explained


    "The traditional pattern of running large deficits only in times of
    war or economic downturns was broken during much of the 1980s. In 1982
    [Reagan's first budget year], partly in response to a recession, large
    tax cuts were enacted. However, these were accompanied by substantial
    increases in defense spending. Although reductions were made to
    nondefense spending, they were not sufficient to offset the impact on
    the deficit. As a result, deficits averaging $206 billion were incurred
    between 1983 and 1992. These unprecedented peacetime deficits
    increased debt held by the public from $789 billion in 1981 to $3.0
    trillion (48.1% of GDP) in 1992." [emphasis added]
    From "Historical Tables, Budget of the U.S. Government, Fiscal Year 2006." Downloaded from http://www.whitehouse.gov/omb/budget/fy2006/pdf/hist.pdf. Page 5.





    PopNotes



    $144 Billion: The
    previous record, $90 Billion, was set the year before by Carter. That
    was only $3 Billion higher than the record set by Ford.

    Bush vetoed:
    WASHINGTON — President Bush vetoed another children’s health bill on
    Wednesday, effectively killing Democrats’ hopes of expanding a popular
    government program aimed at providing insurance to youngsters in lower-
    and middle-income families. (December 13, 2007)

    PopNotes: Just hover over green-underline links above to see the "pop" notes.[/list]


    Added: Apr-7-2012 Occurred On: Apr-7-2012
    By: dcmfox
    In:
    Politics
    Tags: National, Debt, Graph, by, President
    Views: 4324 | Comments: 84 | Votes: 4 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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    • Absolute Bollocks. The National Debt also now exceeds 100% of the nation’s Gross Domestic Product, the total value of goods and services.

      According to Mark Knoller at CBS News, "The national debt has increased more in President Obama’s just over 3 years in office than during 8 years of George W. Bush"

      The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s More..

      Posted Apr-7-2012 By 

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      • @Rebel_Radius That's not irreconcilable with the chart shown. It's % of GDP.

        Posted Apr-7-2012 By 

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      • @Intellectual

        What is a problem with this chart, however, is that 2009 is charged to Bush. Bush did pass the budget for that year, and then he also passed the bailout, which added to the deficits in 2008 and 2009 considerably. However, in 2009, Obama also added the stimulus, which, in a year-by-year chart, also gets charged to 2009.

        On top of this, the banks then paid back most of the money from the bailouts. (The fact that a lot of the secret Fed money has never been paid back is a separa More..

        Posted Apr-7-2012 By 

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      • @Intellectual We are now at 102% of GDP. We haven't passed a budget at all in 3 years.

        This 15 trillion number is a vast understatement. Add in what they call "unfunded liabilities" and you get 70 to over a hundred trillion dollars of debt. The only answer they seem to be able to come up with is SPEND MOAR!!! It's insane.

        Posted Apr-8-2012 By 

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      • @kajidono

        I get the point now get mine. Bush and the republicans started with a balance budget, FACT.

        Started wars and cut taxes to the lowest in 40 years, FACT.

        And you want me to believe we turn control back over to the same crack heads that got us here, really.

        I feel like I'm talking to a teenager that forgot about last week. Fuck.

        Posted Apr-8-2012 By 

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      • @dcmfox No matter how you try to twist it, the ones who are running things now are worse than any we've ever had in the history of the country. Fact. Deal with it.

        Nobody buys your "this side is better than that side" bullshit anymore either. Fuck all of em.

        Posted Apr-8-2012 By 

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    • These charts seems to get recycled every couple of years, and they still don't paint very accurate pictures.

      For one, simply looking at how much Congress reduced a president's request doesn't say much. Was the president requesting a larger budget overall? Was the president requesting budget cuts, to which Congress made more cuts? And why have the chart list only a couple Republicans? During the Clinton years, after all, the government was famously shut down because the Republican-led Congre More..

      Posted Apr-7-2012 By 

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      • @buzzardist I think the point is that "supply side economics" has been a miserable failure.

        Posted Apr-7-2012 By 

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      • @givemeadamnname

        They haven't been perfect, but a miserable failure? Most of the steady growth that Clinton enjoyed through his first term in office was thanks to policies that Reagan put in place. From Reagan's second term up through the end of the dotcom bubble (which took over from Reagan's policy to put the economy into overdrive with the cut in capital gains taxes, combined with poor Fed interest rate policy) was one of the longest runs of economic expansion in post-WWII, rivaled perhap More..

        Posted Apr-8-2012 By 

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      • @buzzardist OK, hold that thought, I'm gonna get back to you but I gotta do a lot of research. I'm probably not going to agree with you because I'm just in that kind of a mood. Although I cna't disagree that a rising tide raises all boats. You can't cut taxes and then increase significant spending as Regan saw when he signed in Revenue enhancements... didn't want to call them taxes. OK and .... I'm off ... to research!

        Posted Apr-8-2012 By 

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      • @givemeadamnname What? Reagan raised taxes 7 out of his 8 years.

        Posted Apr-8-2012 By 

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      • @flashj2 They were Revenue ENHANCEMENTS!

        Posted Apr-8-2012 By 

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    • Still blaming Republicans, the immediate problem here is Obama is still spending, he has increased the debt in 1 term by more than Bush did in two.

      Posted Apr-8-2012 By 

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    • Whatever the point of this post, Obama is doing nothing to reduce the national debt.

      Posted Apr-7-2012 By 

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      • @Megadeth No he's pulling the party line like a true republican from the nineties...What I mean to say is that he get his campaign contributions from the same Bankers as the republicans do.

        Posted Apr-7-2012 By 

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      • @givemeadamnname
        What the fuck are you talking about? Where the fuck is Namibia anyway? Don't tell us about your second hand view of our failed US president and his politics and we won't second hand tell you about your president or king or your politics whatever they may be good or bad. The man has created more debt then Bush alone. You cant spend your way out of debt. He has unprecedentedly divided a county and its partys to the point of almost wanting to kill each other. It don't sound like a More..

        Posted Apr-8-2012 By 

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      • @Godsrage First sir Nambia is in The continent of Africa, I know you Americans are not very good at geography. We do not have a king or current president but at one time we did have a statue of a very LARGE PENIS and it never misled us.
        I don't believe you that he has cause the parties to divide I remember a very Rude white man of the congress say "you lie!" during his speech before congress. All my friends even Nmboko who is half French thought it was very rude of him. He must have be More..

        Posted Apr-8-2012 By 

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      • @Megadeth

        If you were going broke fast as a family you would sell your assets to get liquid. Govt doesn't work that way.

        They get their "cut" just like the mafia does. Its natural for the gop to cry debt crisis after Cheny said "debts don't matter, Reagan proved that".

        If I were right wing that is what I would do.

        You pick a side, period. Every side has nuts.

        Posted Apr-8-2012 By 

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      • @Megadeth And the Republicans are ??? Mitt Romney promised to give the military an even bigger budget. Who the F#@k is the United States of America hold the ford against!?! Those pesky Soviets ?!? the Chinese ?!? Whome the repubs and Dems drool all over at every photo op. You wanna save money, close tghe bases over seas and open them up here so money is circulated through the US economy. Don't build any more attack subs or Carrier task groups, even the pentagon says in an all out conflict they w More..

        Posted Apr-8-2012 By 

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    • Comment of user 'beans' has been deleted by author (after account deletion)!
    • There is a simple explanation for this graph: Big goverment dept means a lot of money for the rich, and less or no money for the poor. This is because the rich give money to the government and want it back with interest. The poor cant give money to the goverment, because they need it to live. So by using taxes the goverment takes a away the poors money and give it to the rich. And in todays time even the "middle class" are the "poor", because they are taxed like there is no t More..

      Posted Apr-8-2012 By 

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    • All this is a LIE!

      Posted Apr-7-2012 By 

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    • There is really good information and speculation in this. The good info is the hard facts about what happened.

      The speculation is what could have/ might have happened if Reagan and Bush Sr did exactly the same thing as the previous presidents. Things are not always easy to show on a graph. Political climate (internal and external) for instance.

      But what we know for sure is we are completely out of control with our country's budget, and it is only going to get worse, until we either stop thi More..

      Posted Apr-8-2012 By 

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    • Thanks for the post. Voted

      I visit regularly with people who see themselves as Republicans and conservatives. As most of them see it, Clinton benefited from his predecessors which allowed the long term economy to improve during his presidency while Dubya suffered from Clinton's actions and the health of the long term economy weakened by way of deficit increases. That 'logic' would lead to always having a Democratic president. No matter how long the Democrats had the presidency, any good cou More..

      Posted Apr-8-2012 By 

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    • Looks like the debt left for Obama on the rise was comparable to the Great Depression era problems.

      Posted Apr-8-2012 By 

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    • http://en.wikipedia.org/wiki/Starve_the_beast

      Posted Apr-7-2012 By 

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    • I remember when George Bush senior called it "VooDoo economics" and he was right then and he would be right today.Take that Dick Chaney! (AKA Richard Cranium).

      Posted Apr-7-2012 By 

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    • Your hockey stick doesn't include BHO's a Congressionally approved budget.

      But, I'd have to agree. Both NeoCons and Liberals SUCK!

      Vote Ron Paul!

      Posted Apr-8-2012 By 

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      • @Arizona_Patriot

        I concur, but serious is the "new" party with the huge problem to bow to the people that just put you into huge debt?

        Republicans would win on this issue all day long if Bush didn't start out with a balance budget. Fact.

        I'll bang out the issues but when we hit bad times in this country we increase taxes on the wealthy. Its about 4 to 5 percent and they still run the world, so whats the fucking problem.

        Maybe its the black guy who spent all the fucking dough, ye More..

        Posted Apr-8-2012 By 

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    • Sorry this is the Present time not the past..Would love to have the past debt..

      Why does the past matter when someone or people in the PRESENT doing this.

      20 trillion dollars..Yes let's look at the past and see how it compares..

      IT DOESN'T CAUSE WE DO NOT LIVE IN THE PAST WHAT FUCK PEOPLE WHAT HAPPEN TO LOOKING FORWARD TO THE GOD DAMN FUTURE OR WILL THAT ONLY MATTER WHEN IT BECOMES THE PAST SO WE CAN COMPARE IT IN A FUCKING GRAPH...

      Posted Apr-8-2012 By 

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      • @Myheavynuts "Why does the past matter when someone or people in the PRESENT doing this." Try telling that to your creditors, if you have any.

        Posted Apr-8-2012 By 

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      • Comment of user 'PimeTaradox' has been deleted by author (after account deletion)!
      • @PimeTaradox That's the problem...We don't learn from it we dwell in it..
        You learn from History not live in history or are you one of those people that dwell on everything from the past and never learn from it and try to change..
        The past does not repeat it self..People repeat actions from the past or never learn from cause if we did repeat it we would not be where we are today..

        Need to be more specific may be hard but give it a try..
        Love the one liners on this website. I wonder if you feel More..

        Posted Apr-8-2012 By 

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      • @TMoray1 Sorry asshole...
        I keep up with my bills and have no Credit Cards.
        Thanks for the Response to my comment with what ever that was you were trying to prove or say..Feel better..
        Keep living in the Past..
        I'll be the guy in front of you laughing when you freak out from the present.

        Posted Apr-8-2012 By 

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      • @Myheavynuts What I was trying to say is that the past is like an albatross hanging around the neck of the present. We have a national debt that was created in the past and we have to deal with it in the present. Congratulations on your not having credit cards and your keeping up with your bills. A lot of people aren't that prudent.

        Posted Apr-9-2012 By 

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    • Sorry, but looking at graphs, and numbers doesn't jive with justifying who was right or wrong. And 20 years ago, well yeah, Regan ran the debt up, he also ran the gov't for about 1/8 of the current price tag and actually greated economic growth, which clinton cashed in on...

      Posted Apr-8-2012 By 

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    • once again idiot liberals try and distort the facts.

      Fact one. The President does NOT write the budget, nor does he get to spend one dime that is not approved by Congress.

      Fact two. Democrats controlled both Houses of Congress for almost all of the 60 years prior to 1994. At no time prior to 1994 did Republicans have control of both Houses.

      Fact three. During that 60 year period the Democrats passed only 4 budgets that did not add to the deficit. That's 56 years out of 60 that the Demo More..

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    • To be fair, H.W. Bush would've helped to balance the budget during his second term(which he obviously did not get). But since he basically told israel to go fuck itself and threatened their bribe, I mean aid money. He barely lost the election. That's why all incumbents and candidates do the tel-aviv two-step these days.

      It's nice to know that some tiny foreign, shithole country has such a significant result on our politics.

      Posted Apr-7-2012 By 

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      • @HR_Shovenstuff

        That's why the primary candidates are falling over themselves to please Israel. They would sacrifice California to make the Jewish state happy.
        As well as AIPAC, Israel has 50 million Evangelical voters that support it in the US.
        Any politician who deviates from the prescribed policies vis a vis Israel will find himself facing a well funded nobody and a barrage of negative ads.
        Even US journalists lose their job for not sticking to the pre-approved script...

        Americans are bei More..

        Posted Apr-8-2012 By 

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    • Here you go trying to confuse people with the facts again

      Posted Apr-7-2012 By 

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      • @trailertrashrnr

        I like being able to post a picture with few words that sparks 100 comments.

        I never believed that a picture is worth 1000 words, how wrong I was. :)

        Posted Apr-7-2012 By 

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    • Reagan's only real mistake was to trust the Democrats to do what they said they would do. It is kind of like someone with a new credit card, you use it, then when it is time to pay on the card you spend the money on something else. They did that over and over.

      Posted Apr-8-2012 By 

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    • Well to be fair, Reagan was a Hollywood idiot who let his monkey do the bills and Bush well, he's a baby of an alcoholic so it should be no surprise.

      Posted Apr-7-2012 By 

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      • @Zardoz003

        I didn't like Bush after the tax cuts during wartime, if he had raised taxes to pay for the wars I would have a completely different view of him, Reagan did it 7 times or so.

        Jeb is also a son and the personal attacks I don't need to judge our previous potus.

        I think Bush Jr. did the drinking himself. Don't care. His first 3 years were okay, then spent the the farm, and many others farms on top of that.

        All while making his farm bigger, which they all do.

        Posted Apr-7-2012 By 

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      • @Zardoz003 Don't forget that Bush did inhale.

        Posted Apr-7-2012 By 

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      • @Zardoz003
        That Alcoholic baby single handedly united the parties and tanked the USSR. he did 1000 times more they your messiah or King whatever you feel like calling him did.

        Posted Apr-8-2012 By 

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      • @Godsrage Who younited the parties with one hand or testicle or what...
        You speaking in fragment man speak clearly.

        Posted Apr-8-2012 By 

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      • @givemeadamnname
        I wouldn't expect someone from Namibia to understand what a US President has done like i wouldn't understand the going on's in Namibia. and the jibberish you wrone i doubt anyone would understand but i'm sure most Americans understand what i wrote. no offense...

        Posted Apr-8-2012 By 

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