What do you think of this Budget Deficit Chart?

Question

http://www.uuforum.org/deficit.htm
You might notice that it takes a nosedive under the two Bush presidents (especially the second Bush), but when Clinton was in office it was actually a budget surplus.
Also take note of the source at the bottom of the chart : Congressional Budget Office.

LOL We are getting classic examples of neo conservative spin here in response to the chart.

Answer 1

Here is some more interesting information.

From the site link

"Only during the last two years of the Reagan administration was the Congress completely controlled by Democrats, and the records show that the growth of the debt slowed during this period. It appears that the frequently referenced Reagan’s Conservative mythology is contrary to the truth, he was an award winning, record setting liberal spender."

Here is another nice quote

"Mr. Clinton took a more progressive approach and, as Roosevelt had done, turned the Hoover model upside down. Instead of making the rich richer in the hope that they would spend that money and thus create demand and therefore jobs, he created a tax environment that encouraged the creation of jobs directly. It was an economic environment where everyone could get rich, not just a few, and it worked. Lots of jobs and lots of new millionaires were created while Clinton was in office. More new millionaires were created during the Clinton administration than at any other time in our history."

Answer 2

It shows that after Bush has cut his spending a little, and important infrastructure budgets, he has almost reduced it to Reagan's Cold War budget.

Answer 3

Clinton borrowed to get rid of the deficit, check out the debt under him, you'll see.
A surplus of borrowed debt is not a real surplus.

Answer 4

I can hardly wait for the excuses by the right on this one. The chart tells it all but somehow they will try and twist it around and make up tales, stories and lies to attempt to discredit the data.

Answer 5

That's just horrible. The American people should be outraged beyond words.

Answer 6

Oh really we had a budget surplus under Clinton? (which simply means he overtaxed and did not spend it appropriately) That is only like the 12millionth time I've heard that. Nice job on digging that little known fact up. Whatta got a team of monkeys working round the clock on this?

Answer 7

It shows what everyone knows about neo-cons. Their ability to borrow and spend is unmatched.

Answer 8

I think it displays quite clearly that Republican administrations lead towards insolvency.

Answer 9

since the 2nd Bush inherited a recession from Bill Clinton, plus 9/11 ... you'd kinda expect that, wouldn't you?

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if you get a job as manager of a large store, and two weeks later the night manager is arrested for thieving merchandise, is that your fault? should you be fired for the actions of someone you didn't even hire?

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8-)

Answer 10

Your point. Clinton didn't have to fund a rebuilding of the military, a worldwide growing economy, higher gas prcies, etc.