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Old 12-09-2010, 08:06 PM
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missourimary missourimary is offline
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Join Date: Apr 2009
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Re: Same Amount of Revenue =Adding to Deficit?

America has had a deficit since the 20s. The blame for that can't be laid solely at the feet of the Democrats or Republicans.

Clinton is the last president since 1940 who managed to have a surplus in the budget. I don't have faith to think that a "surplus" means a whole lot, but I'll give someone credit for making it look good on paper, at least.

Also, there's a lot more to the federal deficit than any one presidency. I'm no economist, but some potential influences include: interest on deficits already in place, wars, national crises, the impact one presidency has on the next, and the impact Congress has on the budget. Eisenhower, Truman and Kennedy left the least additional (adjusted) debt, but all DID leave additional debt.
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