Net Change in Government spending under Obama and Reagan (gallon, Congress, gasoline)

[walidm]

Net Change in Government spending under Obama and Reagan



The chart shows spending declining under the current Administration. Interesting.

[rimmerama]

Yeah, Reagan would be called a communist homo and be kicked out of the GOP.

[walidm]

More Administrations...

[Bostonian123]

Reagan is a Kenyan muslim terrorist commie.

/sarcasm

[RCCCB]

Where did any of this account for all the elite government union spending, pensions and benefits that have been growing decade after decade like a cancer.
California alone has a half TRILLION in unfunded pension debt.

Where did the chart point to that kind of stuff again? Source and details?

[RCCCB]

Originally Posted by walidm

Net Change in Government spending under Obama and Reagan



The chart shows spending declining under the current Administration. Interesting.

For the life of me I never remember Reagan spending an extra 1.5 trillion a year we didn't have, not that the Democrat Congress didn't try to at that time.

[tluv00]

Originally Posted by RCCCB

For the life of me I never remember Reagan spending an extra 1.5 trillion a year we didn't have, not that the Democrat Congress didn't try to at that time.

Defenders show a percentage. Attackers show the dollar amount. People use the facts and figures that make them look better.

It's like a sales resume. If someone tells me they grew their market by 20% I need to see real dollars because going from $10 in sales to $12 in sales is a 20% increase but if I am dealing with million dollar accounts $12 means nothing.

[stillkit]

Originally Posted by tluv00

Defenders show a percentage. Attackers show the dollar amount. People use the facts and figures that make them look better.

It's like a sales resume. If someone tells me they grew their market by 20% I need to see real dollars because going from $10 in sales to $12 in sales is a 20% increase but if I am dealing with million dollar accounts $12 means nothing.

Ok, here ya go, in actual dollar amounts, but you're not going to like it.

I ordered this from the year a President actually took office until the year he actually left. Typically, that first year is the budget prepared by the previous President.

Reagan:

1981--Total federal spending: $678.241 billion Deficit: $78.9 billion

1989--$1.064 trillion Deficit: $152.6 billion

As you can see, federal spending went up something over 40% during his two terms and the deficit nearly doubled.


G.H.W. Bush:

1989: $1.076 trillion Deficit: $152.6 billion

1993: $1.409 trillion Deficit: $255.05 billion

Total federal spending during Bush's 4 years remained pretty much static, bu the deficit went up by more than $100 billion.


Bill Clinton:

1993: $1.409 trillion Deficit: $255.05 billion

2001: $1.862 trillion Deficit: None. $128.1 billion surplus

Clinton inherited a deficit budget and delivered a surplus after 8 years while pretty much holding the line on spending.


G.W. Bush:

2001: $1.862 trillion Deficit: None. $128.1 billion surplus

2009: $3.517 trillion Deficit: $1.412 trillion

Under G.W, federal spending almost TRIPLED and the deficit was over 7 TIMES HIGHER than when he took office!


Barack Obama:

2009: $3.517 trillion Deficit: $1.412 trillion

2011: $3.603 trillion Deficit: $1.299 trillion

2012 estimate: $3.795 trillion Deficit: $1.326 trillion

In Obama's first two years, federal spending remained pretty constant and the deficit actually went down a little.

Historical Tables | The White House

Table 1.1



By the way, everyone hollers about deficit spending these days, but we've only had FIVE YEARS without a deficit since 1957.

I know...I know. Somebody is going to yell about accounting tricks and there's some truth to that. However, EVERY administration has used some kind of accounting maneuver to make themselves look better, so the figures might not be exact, but they give a pretty clear picture of who's been spending the money and who's been borrowing it.

[A Common Anomaly]

Originally Posted by rimmerama

Yeah, Reagan would be called a communist homo and be kicked out of the GOP.

I have been arguing for years that Carter was more fiscally responsible than Reagan and was the King of Deregulation. And Cons love bash Carter.

Nonetheless, Obama's mistake is that he is not spending like Reagan. Reagan increased government spending on goods and services, Obama has been increasing the debt via tax cuts and welfare handouts.

[mwruckman]

Originally Posted by RCCCB

For the life of me I never remember Reagan spending an extra 1.5 trillion a year we didn't have, not that the Democrat Congress didn't try to at that time.

A reason you don't remember trillion dollar deficits in the Reagan years is that the US dollar had a lot more value in 1980 or 1988 than it has now. Remember whan gasoline was still fifty cents a gallon, you could buy a new luxury car for lass than $5,000 or a nice house for less than $50,000 dollars in places like Long Island or Sanat Clara County in CA. Apply the CPI corrections and Reagan era deficits were just as large as todays. When Reagan left office in 1989 his reckless spending accounted for more than 2/3 of the Federal debt which means that for every 3 dollars of national debt in 1989 Reagan was responsible for two of them.