Quote:
Originally posted by Tshabet
The conclusion that the graph has anything to do with who is in the whitehouse is not only misleading, it's idiotic. \
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Not so fast.
The administration proposes the budget, the legislature approves it. Administrations have a lot to do with the deficit.
Setting aside the 90s tech bubble, look at the Reagan years as an example. In 5 of 8 years, the Reagan administration proposed higher spending than the legislature approved, creating plenty of pork for all involved and raging deficits -- largely because of some major tax cuts made early on. Now even the Reagan administration was able to see the error of their ways, and quickly raised taxes higher than they had been before the cuts, but not in time to reverse the deficit growth. No, it's true that no administration acts alone; nor even the administration and Congress. But they do have more than a little to do with the ratio of income to spending.