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Budget Deficit, Unemployment, and Spending

February 4th, 2010

I’ve recently spent a bit of time discussing the on the deficit and take a look at these charts.

If anyone thinks that those deficits are needed, think again. They are going to kill our economy.

I thought they told me if we passed the government stimulus package unemployment would peak at 8 percent. I guess they were wrong.

Author: Derek Clark Categories: Uncategorized Tags:
  1. February 5th, 2010 at 08:55 | #1

    If I remember my reading correctly, the Republicans had inflating the deficit at a much higher rate than the Democrats at least over the last few decades. It looks like this is all gonna change with the new budget though. :(.

  2. February 5th, 2010 at 10:55 | #2

    well there is a graph above, clearly bush increased the deficit more than clinton. that being said, clinton was president during the tech bubble. It shouldn’t be too tough to have a revenue surplus during a time period like that. bush on the other hand got the tech bust along with 9/11. not exactly ideal. I am in no way condoning the wasteful deficit spending bush did, just pointing out the reasons things happened the way they did.

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