Friday, July 9, 2010

Deficits and Who is at Fault

The Heritage Foundation is a research group that is fiscally conservative, and highly accurate. The following link is to a bar chart and explanation of the recent federal government deficit spending.

(http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/)

The links may go back to other sources within the Heritage Foundation, but eventually you find the government source of the figures cited.

The following link is from the ultra-conservative Washington Post and all the tabs are interesting, especially the first one.

(http://www.washingtonpost.com/wp-srv/special/politics/budget-2010/index.html)

(It is amazing that there is not more holler in the media and at home about the out-of-control spending, I guess we are on board or pacified)

It is Congress that controls the budget and is mostly to blame. Republican presidents are to blame as well as democrats because they did not veto these busted budgets. I contest that the Bush's, father and son, are not conservatives, though better than Obama, but they have their own progressive ideas. And in the last 32 Congress' (64 years) there have been 44 years when the Democrats have controlled both houses and 52 years that they controlled at least the Senate. See the following link for this data.

(http://uspolitics.about.com/od/usgovernment/l/bl_party_division_2.htm)

When comparing which party has control of congress and deficit spending there is a pattern. In 1947 and 1948 the Republicans had both houses and there was no deficit spending for the first time in 17 years. There when they took control of both houses, after 47 years of Democrat control of one or more often both houses, in 1995 through 2006 deficit spending began to be reigned in until the terrorist attacks of 9/11 and subsequent Afghanistan and Iraq wars. Making this point here credit may be given to other periods of war, including the Reagan presidency. A better way is to budget and spend in the black and have savings for the time when war is necessary. This is what households call an emergency fund. Another factor is the ebb and flow of the economy and this can also be see on the deficit chart. Though this is easily magnified into the red by government spending. We need to return to fiscal responsibility and limited government.

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