From: rja@mahogany126.cray.com (Russ Anderson)
Subject: Re: Conservative Values (Re: New group proposal: alt.conservative.forum)
Originator: rja@mahogany126
Organization: The 1991 World Champion Minnesota Twins!
Date: 5 Jan 93 13:04:39 CST


In article <81488@ncratl.AtlantaGA.NCR.COM>, mwilson@ncratl.AtlantaGA.NCR.COM (Mark Wilson) writes:
> In <1993Jan4.112422.2886@hemlock.cray.com> rja@mahogany126.cray.com (Russ Anderson) writes:
> |In <C02Mws.CtK@unix.portal.com>, mykes@shell.portal.com (mike myke schwartz) writes:
> |> 1980 GNP 2732.0, defecit = 73.8, %GNP = .0270
> |> 1985 GNP 4014.9, defecit = 212.3, %GNP = .0529
> |> 1987 GNP 4536.7, defecit = 148.0, %GNP = .0327
> |> 1988 GNP 4864.3, defecit = 155.1, %GNP = .0319
> |> 1989 GNP 5200.8, defecit = 152.0, %GNP = .0292
> 
> |Mike, unless you plan on arguing that .0270 > .0292, you just disproved your
> |own assertion.
> 
> Anybody who claims that Reagan has any responsibility for the 1980 budget
> is either a fool or a scoundral.

Part of the the discussion you deleted was on whether the deficit (% of GNP)
went down during the 1980's (which started in 1980).

> Reagan was elected in Nov. 1980 and sworn in Jan. 1981.
> The first budget that Reagan had any influence on took effect Sept. 1981.
> Due to time constraints this budget was actually a Carter/Reagan hybrid.
> Carter started it, then Reagan modified it.  (there wasn't time to start
> from scratch)
> The first all Reagan budget didn't take effect until Sept. 1982.

Carter's last budget (fiscal year 1981) had a deficit of 2.6% of GNP.
Reagan's last budget (fiscal year 1989) had a deficit of 2.9% of GNP.

Note also that if the social security surplus is not used to hide the
size of the deficit, the deficit for 1989 was 5.0% of GNP  (I don't have
the Social Security surplus figure for 1981, but I know that it was small,
so it would not dramaticly increase the 2.6% of GNP number).

In billions (%GNP):

year  GNP    receipts     outlays        deficit     N Debt    president*
====  ====   ===========  ============   =========   ======    =======
1975  1522    279 (18.3)    332 (21.8)    53 (3.5)    533(35.0) Nixon
1976  1698    298 (17.5)    372 (21.9)    73 (4.3)    620(36.5) Ford
1977  1929    356 (18.5)    409 (21.2)    54 (2.8)    699(36.2) Ford
1978  2175    400 (18.4)    459 (21.1)    59 (2.7)    772(35.5) Carter
1979  2446    463 (18.9)    504 (20.6)    40 (1.6)    827(33.8) Carter
1980  2674    517 (19.3)    591 (22.1)    74 (2.8)    908(33.9) Carter
1981  2986    599 (20.1)    678 (22.7)    79 (2.6)    998(33.4) Carter
1982  3130    618 (19.7)    745 (23.8)   127 (4.1)  1,142(36.5) Reagan
1983  3325    601 (18.1)    808 (24.3)   207 (6.2)  1,377(41.4) Reagan
1984  3688    666 (18.1)    852 (23.1)   185 (5.0)  1,572(42.6) Reagan
1985  3958    734 (18.5)    946 (23.9)   212 (5.4)  1,823(46.1) Reagan
1986  4177    769 (18.4)    990 (23.7)   221 (5.3)  2,125(50.9) Reagan
1987  4442    854 (19.2)   1004 (22.6)   150 (3.4)  2,350(52.9) Reagan
1988  4771    909 (19.1)   1064 (22.3)   155 (3.2)  2,602(54.5) Reagan
1989  5121    976 (19.1)   1137 (22.2)   152 (2.9)  2,857(55.8) Reagan
1990  5396                 1252 (23.2)                          Bush
1991E 5679   1094 (19.3)   1363 (24.0)   269 (4.7)              Bush
1992E 6117   1132 (18.5)   1462 (23.9)   330 (5.3)  4,000(65.4) Bush

* President that signed the fiscal year's budget.

source: Statistical Abstract of the US, US Treasury Dept.
        OMB, Budget_of_the_United_States_Government:_Fiscal_Year_1991,
        pp. 281-82; CBO, "The 1990 Budget Agreement: An Interim Assessment,"
        December 1990, p.4.
-- 
Russ Anderson    |  Disclaimer: Any statements are my own and do not reflect
------------------              upon my employer or anyone else.  (c) 1992
EX-Twins' Jack Morris, 10 innings pitched, 0 runs (World Series MVP!)
Xref: sparky alt.fan.rush-limbaugh:12166 talk.politics.misc:67036