
Originally Posted by
gebobs
Too small for what? Are you going to calculate the appropriate sample size for me that would give us a probability distribution with a 90% confidence level? 95% maybe?
It's a trend. I'd like to discuss it. And it's 100% correlation. I'm not interested in your casual hand-waving. If you want to discuss this trend, fine. If you want to get defensive and spout out nonsense about "sample size", I'm not interested.
Reagan...deficits went up, despite all the rhetoric about small government. His very first budget deficit was up 62% over Carter's last. His biggest deficit was up 179%. And, yes, came down in his last 3 years to just 92% up.
Bush41...deficits went up, again despite all the rhetoric about small government. First budget was up 45% over Reagan's last, peaked at 90% up, before settling at 68% up. So not sure what exactly you were getting at about Bush "tracking at a better rate than Clinton".
Clinton...big government socialist that he is, came into office and his first budget deficit was, get this, immediately 20% lower than Bush's last. I know...crazy, right? But it didn't stop there. As a drop from Bush's final...36%, 58%, 127% (over 100% means were getting into the surpluses), 149%, 192%, 150%. Anomaly you say? No, it's more than that. There was real work done in Washington by Clinton and Congress to get that **** done. Did they have help from the economy? Sure. But there was real reform done. And The Republican congress deserves its share of the credit.
Bush43...deficits went up, once again, despite all the rhetoric about small government. In his first budget alone, the surpluses were wiped out and the deficit increased a whopping 224%. And Republican were cheering "Happy days!". And they ran up deficits and sauntered off to foreign wars like it was nobody's business. And the Democratic congressional caucus, nearly to a man, were complicit. Up, up over Clinton...as high as 461% in FY08. And meanwhile, as the ecponomy began to crumble, republicans were begging people not to use the R-word, remember that? And when the **** really hit the fan and the economy cratered (down 8.9% ann. in FY08Q4), Bush had to dig deep. Much deeper than he would have had to if he had gone all cowboy in Iraq and run up those deficits. Deep to the tune of $1.4 trillion. It had to be done. I was with him on this. But it hurt much more after the decade long binge.
Now Obama...deficits have gone down, 20% so far...50% projected drop by next year. Admittedly the deficits are still too big. But they will come down. And GDP growth, though modest, has recovered some. We've had 33 straight months o positive growth mostly in the range of 1-3%. But there are three basic paths. Austerity mode to balance the budget and you probably go into a deep recession. Boost the economy in high gear at the risk of elevating deficits and driving up inflation. Or, the saner course, gradual budget reform leading to a balanced budget in 8-10 years and a GDP growth back around 3-4%.
So to be clear...both sides are complicit in this. I just think there's got to be an underlying reason why this trend exists.