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Banned
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Quote:
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Originally Posted by aceventura3
It shows an upward trend during Clinton's first few years in office, then a decline. When Bush II comes into office <b>the down trend reverses but stays in the same range as it was when Clinton was in office. Like I posted earlier, I think you don't see the impact of a new administration immediately. I think the downward trend started during Clinton's term was in part a result of the previous administration. I also give Clinton some responsibility for the reversal during Bush II's term.</b> I think today we are getting some announcements on deficit reductions due to the Bush tax cuts.
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ace....the portion of your statement that I highlighted in bold, above is bullshit.
This was the second quotebox in the OP:
Quote:
<a href="http://72.14.209.104/search?q=cache:LK4mcAFfc4cJ:www.cbo.gov/budget/historical.pdf+2005+revenue+tax+revenue&hl=en&gl=us&ct=clnk&cd=7#4">CBO html link</a>
Table 1.
Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public,
1962 to 2005
(Billions of dollars)
Sources: Congressional Budget Office; Office of Management and Budget.
Note: n.a. = not applicable (the Postal Service was not an independent agency until 1972); * = between -$50 million and $50 million.
a. End of year.
1962 99.7 106.8 -5.9 -1.3 n.a. -7.1 248.0
1963 106.6 111.3 -4.0 -0.8 n.a. -4.8 254.0
1964 112.6 118.5 -6.5 0.6 n.a. -5.9 256.8
1965 116.8 118.2 -1.6 0.2 n.a. -1.4 260.8
1966 130.8 134.5 -3.1 -0.6 n.a. -3.7 263.7
1967 148.8 157.5 -12.6 4.0 n.a. -8.6 266.6
1968 153.0 178.1 -27.7 2.6 n.a. -25.2 289.5
1969 186.9 183.6 -0.5 3.7 n.a. 3.2 278.1
1970 192.8 195.6 -8.7 5.9 n.a. -2.8 283.2
1971 187.1 210.2 -26.1 3.0 n.a. -23.0 303.0
1972 207.3 230.7 -26.1 3.1 -0.4 -23.4 322.4
1973 230.8 245.7 -15.2 0.5 -0.2 -14.9 340.9
1974 263.2 269.4 -7.2 1.8 -0.8 -6.1 343.7
1975 279.1 332.3 -54.1 2.0 -1.1 -53.2 394.7
1976 298.1 371.8 -69.4 -3.2 -1.1 -73.7 477.4
1977 355.6 409.2 -49.9 -3.9 0.2 -53.7 549.1
1978 399.6 458.7 -55.4 -4.3 0.5 -59.2 607.1
1979 463.3 504.0 -39.6 -2.0 0.9 -40.7 640.3
1980 517.1 590.9 -73.1 -1.1 0.4 -73.8 711.9
Revenues Outlays Budget Security Service Total the Publica
1981 599.3 678.2 -73.9 -5.0 -0.1 -79.0 789.4
1982 617.8 745.7 -120.6 -7.9 0.6 -128.0 924.6
1983 600.6 808.4 -207.7 0.2 -0.3 -207.8 1,137.3
1984 666.5 851.9 -185.3 0.3 -0.4 -185.4 1,307.0
1985 734.1 946.4 -221.5 9.4 -0.1 -212.3 1,507.3
1986 769.2 990.4 -237.9 16.7 * -221.2 1,740.6
1987 854.4 1,004.1 -168.4 19.6 -0.9 -149.7 1,889.8
1988 909.3 1,064.5 -192.3 38.8 -1.7 -155.2 2,051.6
1989 991.2 1,143.8 -205.4 52.4 0.3 -152.6 2,190.7
1990 1,032.1 1,253.1 -277.6 58.2 -1.6 -221.0 2,411.6
1991 1,055.1 1,324.3 -321.4 53.5 -1.3 -269.2 2,689.0
1992 1,091.3 1,381.6 <b>-340.4</b> 50.7 -0.7 -290.3 2,999.7
1993 1,154.5 1,409.5 -300.4 46.8 -1.4 -255.1 3,248.4 Deficit decline starts
1994 1,258.7 1,461.9 -258.8 56.8 -1.1 -203.2 3,433.1
1995 1,351.9 1,515.9 -226.4 60.4 2.0 -164.0 3,604.4
1996 1,453.2 1,560.6 -174.0 66.4 0.2 -107.4 3,734.1
1997 1,579.4 1,601.3 -103.2 81.3 * -21.9 3,772.3
1998 1,722.0 1,652.7 -29.9 99.4 -0.2 69.3 3,721.1
1999 1,827.6 1,702.0 1.9 124.7 -1.0 125.6 3,632.4
2000 2,025.5 1,789.2 86.4 151.8 -2.0 236.2 3,409.8 Deficit eliminated
2001 1,991.4 1,863.2 -32.4 163.0 -2.3 128.2 3,319.6
2002 1,853.4 2,011.2 -317.4 159.0 0.7 -157.8 3,540.4
2003 1,782.5 2,160.1 -538.4 155.6 5.2 -377.6 3,913.4
2004 1,880.3 2,293.0 -568.0 151.1 4.1 -412.7 4,295.5 SSI Revenue= $151.1b
2005 2,153.9 2,472.2 -493.6 173.5 1.8 -318.3 4,592.2
Revenues Outlays Budget Security Service Total the Publica
Deficit (-) or Surplus Debt
On-
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The deficit trend was headed up under Bush I, and there is absolutely no case to be made that supports your attempt.....to move from the extreme numbers of Reagan & Bush I, reversed and actually ended under Clinton's watch, and then renewed and launched to extreme new highs, in just two years, under Bush II, that does not demonstrate fiscal mismanagement in all but the Clinton period of budget oversight... This is reinforced by the fact that total federal employment under Clinton declined vs. Bush I, and accelerated under Bush II....
I thought you posted that you are persuaded by "numbers". This example convinces me that nothing sways you. You've spun this badly, ace...
Last edited by host; 10-11-2006 at 11:44 AM..
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