Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Alberta's Child

Divided government is fiscally responsible? Lol you must be kidding. The markets are excited because in divided government, the dems have to be bribed with new spending in order to get our own agenda items considered.
It means there is about to be an orgy of federal spending.


16 posted on 11/07/2018 2:43:26 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: DesertRhino
The last time the U.S. government ran a nominal budget surplus was around 1998-2000.

The budget deficit spiked in 2008-10, then declined to its lowest point of the last decade around 2014 before rising again.

The correlation between a divided Federal government and low budget deficits isn't perfect, but it's close. The same is true of the correlation between a unified Federal government and high budget deficits. By my reckoning, the most fiscally irresponsible period of my lifetime for the U.S. government was from 2008 through 2011 -- and the U.S. had single-party control (first the GOP, then the Democrats) for almost the entire period.

22 posted on 11/07/2018 2:53:37 PM PST by Alberta's Child ("The Russians escaped while we weren't watching them ... like Russians will.")
[ Post Reply | Private Reply | To 16 | View Replies ]

To: DesertRhino
It means there is about to be an orgy of federal spending.

Kind of like the current budget?

Can it get less responsible?

29 posted on 11/07/2018 3:01:45 PM PST by semimojo
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson