US federal budget 1968 onwards

Wol62 · 2019-02-01T15:54:12-06:00

Politics - US federal budget 1968 onwards... (10 replies).

https://en.wikipedia.org/wiki/United_States_federal_budget#/media/File:Total_Revenues_and_Outlays_as_Percent_GDP_2017.png

Well, would you look at that. For the last 50 years, it does not matter which party has been in power, they are broadly in line with the average outlays and average revenues.

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windinhishair · 61-69, M

If you take a look at the difference between revenues and outlays, you WILL see a clear trend with respect to party. The difference between the two is the deficit (or surplus) All three Democratic presidents during this period (Carter, Clinton, and Obama) were president during time periods when the deficits were decreasing (1977 to 1980, 1993 to 2000, 2009 to 2016). All Republican presidents presided over economies when the deficits were increasing or steady. In fact, much of the national debt is due to Republicans occupying the Oval Office.