On May 28, 12:29*pm, "TJ" wrote:
wrote in message

....

If only it were the same. * *In 1981 the budget deficit was 2.6% of
GDP.
It peaked a few years later at 6%. *By 1989, the deficit was back down
to 2.6%. *During the eight years of Reagan the deficit averaged 4.5%
of GDP.

What's your point? That Carter's deficit was low & Reagan average was
higher? You do know, that's the point you made.

The point is that the deficit was about the same percent of GDP when
Reagan left as it was when he entered office. And that Obama is
running deficits of 2 or 3X of any that Reagan ran.



Now let's look at the current situation. * In 2009, the budget deficit
was
10% of GDP. *In 2010, 9%. *And for 2011 it's estimated to be 11%.
In other words, Obama is running deficits of 2 or 3 times those of
Reagan. * And under Reagan, we saw the economy surge and boom.
Under Obama and the Dems, we're still waiting.....

Ok, again, what's your point? The deficit (budget) for 2009, was approved
in under the previous administration. So you're saying O is doing a better
job.

No, he's doing what no other president in American history has
done. He's increasing spending and the budget Obama just submitted
a few months ago shows not only a $1.7 tril deficit for this year, but
projected deficits averaging $1tril a year FOR THE NEXT DECADE.
That's over 7% of GDP, a level never reached under Reagan. The
worst deficit during the Reagan years was 6% and that was for a
single year. Maybe that's
your definition of doing a better job, but it's not mine.

BTW, which party controlled the House for the entire Reagan
presidency? Where do spending bills originate?






Here we go with Reagan again. Reagan took office with a 7.5% unemployment,
by November 1982 he had a whopping 10.8% unemployment rate. After 2 years,
it was 10.4%. *January of 1985, it was at 7.3%. *Not really anything to be
chest thumping about.

The buzz would "surge", backfires within the first 4 years.

LOL. What a hack job. Maybe you missed it, but Reagan left office
in
Jan 1989 with an unemployement rate of 5.5%. And unemployment
isn't the only economic indicator. While achieving 5.5% unemployment
interest rates were cut in half, and so inflation was stopped dead in
it's tracks. Maybe you forgot what a mess this country was thanks
to Jimmy Carter and the Dems. but some of us haven't. And yes
that indeed is worthy of chest pumping.

The best the libs can do is bitch on about the "Reagan deficits".
Forgetting to tell everyone that it was Democrats that controlled
the House during all of the Reagan years. Compared to the
above and winning the Cold War, the modest deficits, which
pale compared to the current ones are insignificant. It's like
finding gold bars buried in your backyard and bitching because
they are tarnished.