Posted by
IndyBlogger on Thursday, November 13, 2008 1:39:29 PM
I have started to put together some research on deficit spending. Spending is in the power of congress, not the President. Yes, Bush should have used a veto, but lets look at the historical analysis of debt in this country.
This chart can be a little confusing, but the goal is to assign the results of the S&P 500 and the debt to Congress and/or President in the Election year. So for debt under the 1971 column is the result of the 1971 elected officials. They operated at 33% Debt to GDP ratio. The results for 2007 elected officials are as up to date as today – November 13th as best as possible since it’s not over yet. This numbers are staggering. If you see numbers that you think are in error, please let me know so that I can correct them. I did have to do this quickly.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Election Year *6
|
1970
|
1971
|
1973
|
1975
|
1977
|
1979
|
1981
|
1983
|
1985
|
1987
|
1989
|
1991
|
1993
|
1995
|
1997
|
1999
|
2001
|
2003
|
2005
|
2007
|
2009
|
|
|
|
President *2
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
|
|
|
Congress *3
|
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
0
|
|
|
|
Debt *4 (B)
|
370
|
427
|
475
|
620
|
772
|
908
|
1142
|
1572
|
2125
|
2602
|
3233
|
4065
|
4700
|
5225
|
5526
|
5674
|
6228
|
7379
|
8507
|
10625
|
|
|
|
|
S&P *5
|
92.1
|
118
|
68.5
|
108
|
96
|
136
|
141
|
162
|
242
|
278
|
330
|
436
|
459
|
741
|
1229
|
1320
|
880
|
1212
|
1468
|
829
|
|
|
|
|
GDP *1 (B)
|
|
1127
|
1383
|
1638
|
2031
|
2563
|
3128
|
3537
|
4220
|
4740
|
5484
|
5996
|
6657
|
7398
|
8304
|
9268
|
10128
|
10961
|
12422
|
13808
|
|
|
|
|
Debt/GDP
|
|
33%
|
31%
|
29%
|
31%
|
30%
|
29%
|
32%
|
37%
|
45%
|
47%
|
54%
|
61%
|
64%
|
63%
|
60%
|
56%
|
57%
|
59%
|
62%
|
|
|
|
|
Debt Change
|
|
57
|
48
|
145
|
152
|
136
|
234
|
430
|
553
|
477
|
631
|
832
|
635
|
525
|
301
|
148
|
554
|
1151
|
1128
|
2118
|
|
|
|
|
S&P Change
|
|
25.9
|
-50
|
39
|
-12
|
40
|
4.6
|
20.9
|
80.5
|
36
|
52
|
106
|
23
|
282
|
488
|
91
|
-440
|
332
|
256
|
-639
|
|
|
|
|
|
Nixon
|
Ford
|
Carter
|
Regan/Bush
|
Clinton
|
Bush II
|
Obama
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
This chart is setup to assign results to the congress and president in power at that time.
|
|
|
|
|
|
|
|
|
|
|
1
|
|
GDP is not expressed in 'real' (Chained)dollars which is artifically manipulated number by the government to make inflation appear lower and GDP appear higher
|
|
2
|
|
0 = Democrat, 1 = Repbublican; done to use analysis tools on the data
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
0 = Democrat, 1 = Repbublican; done to use analysis tools on the data
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
Treasury Direct.com - Data point is 9/30 from previous year; To show what the new administration started with
|
|
|
|
|
|
5
|
|
Using Yahoo, Monthly, Dec from the year before; What the new administration started with; Could argue January would be better
|
|
|
|
6
|
|
Year the new congress took office
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|