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Old 05-14-2008
sck5 sck5 is offline
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erps

those are good graphs and illustrate my point. On the first one you can clearly see the effect of Reagans tax cuts after 1980. Revenue went down while spending continued more or less on its previous trend. Clinton raised taxes in 93 and revenue went up rapidly to the point where the deficit was completely wiped out while spending again continued more or less on its previous trend (or maybe a bit lower but not by much). The effect of the Bush tax cuts after 2000 are crystal clear. Revenue down while spending increased even faster than trend. Result: a huge deficit

Your second graph also makes clear my point that deficits get big under Repubs and Dems clean up the mess over the past four decades. Both Carter and Clinton (especially Clinton) had way lower deficits than the Repubs on either side of them. Also, the average Repub deficit is far larger than the average Dem deficit.

So, according to the data, Dems are the more fiscally responsible of the two parties. Both want to spend money but the Repubs want to stick our kids with the bill. Dems try to pay their own way.
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