The5thHorseman
Platinum Member
- Nov 22, 2022
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As many of you may have noticed, this here Horseman has zero tolerance for Graduates of the Maria Bartiromo School of Duh!
Accordingly, one of her attentives has been taking a ferocious macing at the side of my steed (why he clings to my stirrup, I cannot fathom).
Specifically, we are examining the conceit that "Democrats spend like drunken sailors" and are therefore not only complicit in, but largely responsible, for our current level of Debt Held by The Public.
To do so, we will compares CAGRs (Compound Annual Growth Rates) of spending and revenue collection for each POTUS going back to 1979.
The numbers are as follows (in billions)
At t=0, Sept 30, 1981
Spending - 678.2 Revenue - 599.3
Reagan (end of term)
Spending - 1143
Revenue - 991
Annual Growth Rates
6.7%/6/4%
Bush
Spending - 1409
Revenue -1154
5.36/3.88
Clinton
Spending - 1862
Revenue - 1991
3.5/7.05
Bush II
Spending - 3517
Revenue - 2105
8.3/0.7
Obama
Spending - 3981
Revenues - 3316
1.56/5.8
Trump
Spending - 4.7*
Revenues - 3.5*
5.7/1.8
* to avoid the bitter tears and recriminations, I have used Grifty's last WH Budget request, and extrapolated the deficit based on trend. Subtracting this from Outlays should be equal to Revenues.
Will this require further elaboration?
Accordingly, one of her attentives has been taking a ferocious macing at the side of my steed (why he clings to my stirrup, I cannot fathom).
Specifically, we are examining the conceit that "Democrats spend like drunken sailors" and are therefore not only complicit in, but largely responsible, for our current level of Debt Held by The Public.
To do so, we will compares CAGRs (Compound Annual Growth Rates) of spending and revenue collection for each POTUS going back to 1979.
The numbers are as follows (in billions)
At t=0, Sept 30, 1981
Spending - 678.2 Revenue - 599.3
Reagan (end of term)
Spending - 1143
Revenue - 991
Annual Growth Rates
6.7%/6/4%
Bush
Spending - 1409
Revenue -1154
5.36/3.88
Clinton
Spending - 1862
Revenue - 1991
3.5/7.05
Bush II
Spending - 3517
Revenue - 2105
8.3/0.7
Obama
Spending - 3981
Revenues - 3316
1.56/5.8
Trump
Spending - 4.7*
Revenues - 3.5*
5.7/1.8
* to avoid the bitter tears and recriminations, I have used Grifty's last WH Budget request, and extrapolated the deficit based on trend. Subtracting this from Outlays should be equal to Revenues.
Will this require further elaboration?