and the spent it...and then some. O'Donnell never had a surplus, but spent it, and then some anyway. The party of fiscal resonsibility? Not much, but I will admit to a hell of a PR machine for convincing so many.
Eight of the last nine recessions have been under Republican presidents
Democratic presidents create twice as many jobs per year as Republican presidents.
Republican presidents' deficits are three times higher than Democrats' and twice as high as a percent of GDP.
The economy grows 41% faster under Democratic presidents.
Businesses invest three times as much under Democratic presidents.
http://www.presidentialdata.org/pres...omparisons.htmSTEELEGOP chairman Michael Steele ordinarily might be lavished with praise for leading his party to the brink of a historic triumph.
Instead, he heads an organization that trails Democrats by $15 million in fundraising, is in debt and largely has been overshadowed by third-party groups that, in a few months, have raised almost as much as Republican National Committee has since January 2009.
.....
The RNC has raised more than $79 million this year and has spent all of it — and then some. The RNC ended September with about $3.4 million in cash on hand and $4.6 million in debt. The RNC also took out a $2.5 million loan in September.
http://news.yahoo.com/s/ap/20101023/...lican_chairmanBUSH In 2001 President Bill Clinton handed President George W. Bush a budget surplus of approximately $300 billion and a shrinking national debt.
During his eight years in office, Republican President George W. Bush, with the help of Republican majorities in both Houses of Congress (through 2006), was able to spend the budget surplus and all the tax money the government collected. Then after all that money was spent, Bush averaged adding about $1 trillion per year to the national debt during his eight-year tenure.
http://www.timesnews.net/article.php?id=9017067REAGAN In 1980, Jimmy Caner's last year as president, the federal government spent a whopping 27.9% of "national income" (an obnoxious term for the private wealth produced by the American people). Reagan assaulted the free-spending Carter administration throughout his campaign in 1980. So how did the Reagan administration do? At the end of the first quarter of 1988, federal spending accounted for 28.7% of "national income."
Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted.
The budget for the Department of Education, which candidate Reagan promised to abolish along with the Department of Energy, has more than doubled to $22.7 billion, Social Security spending has risen from $179 billion in 1981 to $269 billion in 1986. The price of farm programs went from $21.4 billion in 1981 to $51.4 billion in 1987, a 140% increase. And this doesn't count the recently signed $4 billion "drought-relief" measure. Medicare spending in 1981 was $43.5 billion; in 1987 it hit $80 billion. Federal entitlements cost $197.1 billion in 1981—and $477 billion in 1987.
Foreign aid has also risen, from $10 billion to $22 billion. Every year, Reagan asked for more foreign-aid money than the Congress was willing to spend. He also pushed through Congress an $8.4 billion increase in the U.S. "contribution" to the International Monetary Fund
http://mises.org/freemarket_detail.aspx?control=488O'DONNELL In October 2007 O'Donnell stopped paying on the mortgage for her Wilmington house and the mortgage company obtained a judgment against her in the spring of 2008 for $90,000. The house was to be sold at a sheriff's auction in August 2008 when she sold it the month prior to her Senate campaign attorney who was also her boyfriend at the time.<1><5><43><44>
The Internal Revenue Service (IRS) filed a lien in 2010 that said that O'Donnell owed $11,000 in back taxes and penalties from 2005, according to public records.<5> O’Donnell said that it was a mistake and a computer error,<45> and noted that the IRS agent handling the matter claimed he was perplexed by the agency's actions.<5> In campaign finance reports, she listed herself as self-employed and said she was doing odd jobs to make ends meet.<5> Because of financial difficulties, she moved to a Delaware townhouse, where she paid half the rent with campaign funds because she also used separate quarters in the residence as her campaign headquarters for her 2010 Senate run.<5>
Several days after the 2010 primary, Citizens for Responsibility and Ethics in Washington alleged that O'Donnell made false statements on Federal Elections Commission filings and illegally used more than $20,000 of her campaign funds as "her very own personal piggy bank" by claiming campaign expenses during a time when she had no official campaign.<10>
http://en.wikipedia.org/wiki/Christine_O'DonnellThen there is this non partisan documention on ecoonomic historical trends:
Aggregate data from 1960 and 1980 to present (5-05)
1) Deficit (On Budget)
1961-present
Total Democratic Budget Deficits: $1283.8 billion
Total Republican Budget Deficits: $5487.4 billion
Democratic Presidents’ deficits averaged 1.77% of GDP
Republican Presidents’ deficits averaged 3.42% of GDP
1981-present
Total Democratic Budget Deficits: $1004.4 billion
Total Republican Budget Deficits: $5280.1 billion
Democratic Presidents’ deficits averaged 2.06% of GDP
Republican Presidents’ deficits averaged 4.09% of GDP
1a) Deficit (total)
Since World War II
Total Democratic Budget Deficits: $625.1 billion
Total Republican Budget Deficits: $4040.7 billion
Democratic Presidents’ deficits averaged 1.2% of GDP
Republican Presidents’ deficits averaged 2% of GDP
1961-present
Total Democratic Budget Deficits: $608.2 billion
Total Republican Budget Deficits: $4013.2 billion
Democratic Presidents’ deficits averaged 1.21% of GDP
Republican Presidents’ deficits averaged 2.37% of GDP
1981-present
Total Democratic Budget Deficits: $320.3 billion
Total Republican Budget Deficits: $3819.3 billion
Democratic Presidents’ deficits averaged 0.76% of GDP
Republican Presidents’ deficits averaged 2.67% of GDP
2) GDP Growth
Since World War II
Average GDP growth per year under Democratic Presidents: 4.05%
Average GDP growth per year under Republican Presidents: 2.88%
1961-present
Average GDP growth per year under Democratic Presidents: 4.09%
Average GDP growth per year under Republican Presidents: 2.81%
1981-present
Average GDP growth per year under Democratic Presidents: 3.7%
Average GDP growth per year under Republican Presidents: 2.81%
3) Business Investment Growth
Since World War II
Average growth per year under Democratic Presidents: 7.08%
Average growth per year under Republican Presidents: 2.94%
1961-present
Average growth per year under Democratic Presidents: 7.2%
Average growth per year under Republican Presidents: 2.95%
1981-present
Average growth per year under Democratic Presidents: 9.85%
Average growth per year under Republican Presidents: 2.29%
4) Unemployment
Since World War II
Average unemployment per year during Democratic Presidents: 5.03%
Average unemployment per year during Republican Presidents: 5.93%
1961-present
Average unemployment per year during Democratic Presidents: 5.33%
Average unemployment per year during Republican Presidents: 6.24%
1981-present
Average unemployment per year during Democratic Presidents: 5.20%
Average unemployment per year during Republican Presidents: 6.41%
5) Growth in Jobs
Since World War II
Average yearly growth in jobs under Democratic Presidents: 2,082,000
Average yearly growth in jobs under Republican Presidents: 1,167,000
Average yearly percent growth in jobs under Democratic Presidents: 2.67%
Average yearly percent growth in jobs under Republican Presidents: 1.36%
1961-present
Average yearly growth in jobs under Democratic Presidents: 2,391,000
Average yearly growth in jobs under Republican Presidents: 1,307,000
Average yearly percent growth in jobs under Democratic Presidents: 2.69%
Average yearly percent growth in jobs under Republican Presidents: 1.39%
1981-present
Average yearly growth in jobs under Democratic Presidents: 2,884,000
Average yearly growth in jobs under Republican Presidents: 1,253,000
Average yearly percent growth in jobs under Democratic Presidents: 2.37%
Average yearly percent growth in jobs under Republican Presidents: 1.17%
6) Growth in Pay
Since World War II
Average yearly growth in weekly earnings under Democratic Presidents: 0.83%
Average yearly growth in weekly earnings under Republican Presidents: 0.408%
1961-present
Average yearly growth in weekly earnings under Democratic Presidents: 0.48%
Average yearly growth in weekly earnings under Republican Presidents: -0.30%
1981-present
Average yearly growth in weekly earnings under Democratic Presidents: 0.84%
Average yearly growth in weekly earnings under Republican Presidents: -0.34%
http://www.presidentialdata.org/pres...omparisons.htm
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