8 c) Two party System – History of budget results

Viewing two 8 year periods, one for the Democrats (1992 – 2000) and one for the republicans (2000 – 2008):

Let’s take a look at the facts, Source:             http://usgovinfo.about.com/od/federalbudgetprocess/a/Budget-Deficit-History.htm

President                  Senate           House

• 2008 – $455 billion budget deficit             Republican                Democrat      Democrat

• 2007 – $162 billion budget deficit      Republican                Democrat      Democrat

• 2006 – $248.2 billion budget deficit   Republican                      Republican    Republican

• 2005 – $319 billion budget deficit      Republican                      Republican    Republican

• 2004 – $412.7 billion budget deficit   Republican                      Republican    Republican

• 2003 – $377.6 billion budget deficit   Republican                      Republican    Republican

• 2002 – $157.8 billion budget deficit    Republican                Democrat      Republican

• 2001 – $128.2 billion budget surplus  Republican                Democrat      Republican

• 2000 – $236.2 billion budget surplus  Democrat                  Republican    Republican

• 1999 – $125.6 billion budget surplus         Democrat                  Republican    Republican

• 1998 – $69.3 billion budget surplus    Democrat      `           ` Republican   Republican

• 1997 – $21.9 billion budget deficit     Democrat                  Republican    Republican

• 1996 – $107.4 billion budget deficit   Democrat                  Republican    Republican

• 1995 – $164 billion budget deficit      Democrat                  Republican    Republican

• 1994 – $203.2 billion budget deficit   Democrat                  Democrat      Democrat

• 1993 – $255.1 billion budget deficit   Democrat                  Democrat            Democrat

A bit more on this subject next week!