This is excellent and well thought out. Everyone on this board would benefit from reading this all the way through.
No problem young man. Lets do it your way and compare total deficits for the entire presidency. To make this more fun lets compare the more recent democrat and Republican presidents.
utter baloney piezoe - Congress is not the horse. The FED does whatever the hell it wishes. Congress has no control over the FED. For instance the FED creates and then hands out trillions of dollars without any oversight. had the markets been allowed to reset naturally we would be on a much firmer foundation with a booming economy and the morons who greedily caused the banking crisis in the first place would no longer be running things.
I really wish you looked information up before you posted your dnc talking points bullshit. Other Presidents increased the debt by much larger percentages; so Reagan was not the first president to triple the debt. Check out progressives like FDR and if I recall Wilson. But no president had a 7.9 trillion dollar deficit like Obama. Obama is the deficit king.
Max, your a smart guy, so I know you are familiar with what heavy deficit spending does to GDP, particularly outside of recession. Anyway I happened of this ver interesting and highly entertaining article http://zfacts.com/p/318.html That's where I found this cute image. The little G.H.W.Bush video on "Voodoo Economics" is fun, and of course when G.H.W.B. teamed up with Reagan he had to lay his Voodoo remarks to"youthful indiscretion" or was it perhaps "having mis-spoke", or "golly I must have temporarily lost my mind".
this is why models don't work in global warming and tax revenues. unfounded assumptions. why don't you tell us the assumptions that are made when creating that green line. There is no way in hell anyone in the world can tell you what the the deficit would have been as a percent of GDP because in reality is there were tax cuts. The green line is just projected off chosen inputs. That is exactly why agw models fail. The "scientists' input climate sensitivity to carbon and project temperature. Carbons sensitivity... the key input, is just a guess. the green line is a guess which include guesses on where the GDP would have been had there been no tax cuts. I bet the modeler choose a level of good growth rather than a continual slide into a deeper recession. Plus I went to the site. it lied. it said tax revenues did not go up after the reagan tax cuts. revenues went up dramatically.
What would that chaRT look like if Obama had balanced its budget, what would that chart look like if democrats were not running congress during those periods, the president just signs bills that get sent to his desk, its congress who draws it all up and puts all of the spending in too it. Your a smart guy too, why is it that when you go to every single state or province in North America, the highest Debt/GDP is almost unilaterally liberal states and provinces?