TrainNut Loc: Ridin' the rails

I found this chart about the deficit.
Republicans have the highest deficits, Ford ,Reagan ,Bush Sr.and Bush Jr.
Democrats have the lowest deficits, Kennedy, Johnson, and Clinton.

Look at Obama's deficit and tell me he is not a Republican.

JR1 Loc: Tavistock, Devon, UK

You know if the US citizens paid as much time to work and investment as they do Obama and everyone else bashing you would not be a nation n on the brink of financial collapse.

Bmac Loc: Long Island, NY

Thank you for telling us US citizens what we should or should not pay attention to. However, perhaps if you spent less time with your innuendos regarding my nation, you would be able to help tackle the problems of your economy. If the US economy is on the "brink of financial collapse" yours is then already there.

Economy of the United States
The economy of the United States is the world's largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is also the largest of any single country in the world, approximately a fifth of the global total. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment.
http://en.wikipedia.org/wiki/Economy_of_the_United_States

Brink of financial collapse? Yeah. :roll:

List of countries by GDP (nominal)
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Economy of the United Kingdom
http://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom

TrainNut Loc: Ridin' the rails

There is a lot of information there.
The Democrats have lower deficits than the Republicans on average.
That was a surprise to me.
So why is Obama's deficits so high?
Even Carter's deficits were only a little larger and he had a terrible economy to work with.

OnDSnap Loc: NE New Jersey

Add the two Bush admins togeather, 7.5 + - 1% for error...LOL

ole sarg Loc: south florida

Deficits were high because employment was low. The crash reduced income while mandatory spending continued.

Solution to this was ignored by the GOP congress which killed the infrastructure bills, and any attempt to create new jobs. Further, the Congress forced reduced spending which further suppressed job creation. In short, short term spending was needed so that we could have long term growth.

Now one has to admit that the deficit is not increasing at the rate it did before sequestration but at the same time growth did not occur at a rate it could have.

Europe did what the Congress did but doubled down and they are going deeper into recession.

It seems that there is no free lunch. The question which is more important food on the table or some hypothetical debt that can be address with a tax increase and full employment.

Remember Clinton? Just look at the chart!

TrainNut Loc: Ridin' the rails

Hypothetical debt?

I do not understand that. I thought it was a real debt.