From: huston@access.digex.com (Herb Huston)
Subject: Re: Budgets  (Was:Re: el-ecti-ons)
Organization: Express Access Online Communications, Greenbelt, MD USA
Date: Fri, 13 Nov 1992 13:59:40 GMT

In article <1992Nov10.070210.14442@netcom.com> rohwerwd@netcom.com (W. David Rohwer) writes:
>In article <MARTINC.92Nov9172405@grover.cs.unc.edu> martinc@grover.cs.unc.edu (Charles R. Martin) writes:
>>In article <BxFDxv.Bso@usenet.ucs.indiana.edu> kiran@bronze.ucs.indiana.edu (Kiran Wagle) writes:
>>
>>   >>Yup.  A little present from Reagan and Bush. 
>>   >Look up who had the last balanced budget.
>>
>>   I don't think it has been balanced in my lifetime, but I thought it
>>   skyrocketed in the Reagan years.  This could be a myth, of course.
>>
>>Depends on when you were born, of course.  Eisenhower had them, and I
>>vaguely recall Nixon having a balanced budget, perhaps in 68 or 69.

Nixon never had a balanced budget.

>     As shown by the following table, Nixon had a profitable budget in 1969.

No, Johnson had a small budget surplus in 1969, and there's a small error
running through your table.  These figures are for the federal government's
fiscal year, which, prior to 1977, ran from July 1 through June 30.  However,
the budget for "1969" was for the fiscal year ending on June 30, 1969, and
that budget had been proposed and passed in 1968.  Right now the government
is operating under a budget for 1993 (the fiscal year began on October 1),
and the 1993 budget is the final Bush budget.

(How did you consider the 3-month transition budget for July 1, 1976 through
September 30, 1976?)

>>Reagan actually submitted balanced budgets on a couple of occasions, but
>>they didn't pass.
>
>     How could that be when all of the budgets had deficits of at least
>$79 Billion?
>
>
>          Federal Budget Profits/Deficits Since 1964
>
>                                 President's     Cummulative
>                                   Totals           Total
>
>             64  $-    5.9 B
>             65   -    1.4 B
>             66   -    3.7 B
>             67   -    8.6 B
>             68   -   25.2 B
>Johnson's Total                 $-    44.8 B
>
>             69   +     3.2 B
>             70   -     2.8 B
>             71   -    23.0 B
>             72   -    23.4 B
>             73   -    14.9 B
>             74   -     6.1 B
>Nixon's Total                    -    67.0 B    $-   111.8 B
>
>             75   -    53.2 B
>             76   -    73.7 B
>Ford's Total                     -   126.9 B     -   238.7 B
>
>             77   -    53.7 B
>             78   -    59.2 B
>             79   -    40.2 B
>             80   -    73.8 B
>Carter's Total                   -   226.9 B     -   465.6 B
>
>             81   -    79.0 B
>             82   -   128.0 B
>             83   -   207.8 B
>             84   -   185.4 B
>             85   -   212.3 B
>             86   -   221.2 B
>             87   -   149.8 B
>             88   -   155.2 B
>Reagan's Total                   - 1,338.7 B     - 1,804.8 B
>
>             89   -   153.5 B
>             90   -   220.5 B
>             91   -   268.7 B
>             92   -   290.0 B
>Bush's Total                     -   932.7 B     - 2,737.5 B
>
>     B = Billion
>
>   Source:  "Bankruptcy 1995" by Harry E. Figgie, Jr.
>
>-- 
>       +----------------------------------------------------------------+
>      /  Keep Abortion Legal and Safe.  Reduce the Deficit.            /
>  +-----------------------------------------------------------------------+
> /   //  W. David Rohwer   // Amiga       UUCP: apple!netcom.com!rohwerwd |
>|  \X/       Go A's!     \X/ 3000UX   Internet: rohwerwd@netcom.COM      /
>+-----------------------------------------------------------------------+

-- Herb Huston
-- huston@access.digex.com
Newsgroups: soc.singles