Happy 9/9/9! and an interesting observation on governmental fiscal responsibility..
Happy 9/9/9 Everyone!
Also.. something I got from here:
http://andrewsullivan.theatlantic.com/the_daily_dish/2009/09/the-gop-vs-fiscal-conservatism.html#more
It's something I've argued before with people after I did some number crunching--and that is that Republican Administrations have rarely shown themselves to be fiscal conservatives, whereas the "spendy" Democrats have.. (at least in a relative sense)...
Data:
The last Republican who left the office of the presidency with the federal public debt as a percentage of GDP less than when he entered was Richard Nixon (FY 1975). The last Republican who left the office of the presidency with a federal deficit less than 2.7% of GDP was Dwight Eisenhower (FY 1961). Since WW II no Democratic president has ever left office with the federal public debt as a percentage of GDP more than when he entered. And since WW II no Democratic president has ever left office with a federal deficit more than 2.6% of GDP.
Food for thought..
Also.. something I got from here:
http://andrewsullivan.theatlantic.com/the_daily_dish/2009/09/the-gop-vs-fiscal-conservatism.html#more
It's something I've argued before with people after I did some number crunching--and that is that Republican Administrations have rarely shown themselves to be fiscal conservatives, whereas the "spendy" Democrats have.. (at least in a relative sense)...
Data:
The last Republican who left the office of the presidency with the federal public debt as a percentage of GDP less than when he entered was Richard Nixon (FY 1975). The last Republican who left the office of the presidency with a federal deficit less than 2.7% of GDP was Dwight Eisenhower (FY 1961). Since WW II no Democratic president has ever left office with the federal public debt as a percentage of GDP more than when he entered. And since WW II no Democratic president has ever left office with a federal deficit more than 2.6% of GDP.
Food for thought..