But I was only looking at the growth of inflation-adjusted spending during the fiscal years when various presidents were in office.
What about long-run estimates of how various presidents have changed America’s (depressing) fiscal trajectory.
Glenn Kessler of the Washington Post did something like this, though he focused on red ink rather than the spending burden.
That being said, he found somewhat similar results. Only he reports that LBJ was the worst with Nixon being the second worst.
Policy choices made long ago are more responsible for the fiscal state of the nation. Assigning a particular president responsibility for a debt increase is rarely productive, because so much depends on factors beyond a president’s control — an economic crisis such as the Great Recession or the pandemic, for example. …Which president has contributed the most to the nation’s long-term fiscal imbalance? That would be Lyndon B. Johnson… Through an exhaustive study of Congressional Budget Office and Office of Management and Budget reports, …LBJ’s share of the fiscal imbalance is 29.7 percent. Close behind is Richard M. Nixon, with 29.2 percent. Johnson enacted Medicare and Medicaid in the mid-1960s, and then Nixon in the early 1970s expanded both programs and also enhanced Social Security so that benefits were indexed to inflation. …almost two-thirds of the nation’s long-term fiscal imbalance is a result of policy choices made more than 50 years ago.
By the way, Kessler did not do his own calculations.
Instead, he relied on some research by Charles Blahous. Here’s the relevant table from that study, which was published in late 2021.
I’m not surprised that Reagan was the best president.
P.S. Biden was not included since he has just entered office when the research was conducted. If there is a similar study 10 years from now, I’m guessing he will be like Obama with bad but not horrible results. Yes, Biden has an awful fiscal agenda, but his failed stimulus and the watered-down (and absurdly misnamed) Inflation Reduction Act may wind up being the only significant damage he imposes.
Today, we’re going to expand on this list with the “most laughable” tweet of 2022. But this tweet from the Republican National Committee is a case of accidental humor rather than deliberate humor.
As you might expect, the RNC did not bother trying to prove its statement.
That’s because the Republican party generally does a terrible job. Donald Trump expanded government. George W. Bush expanded government. And George H.W. Bush expanded government.
You have to go all the way back to Ronald Reagan to find a Republican who actually was on the side of taxpayers (and before him, you have to go all the way back to Coolidge).
And that’s not because of the defense budget. Even when looking at just domestic spending, Republicans (other than Reagan) have a worse track record.
I have to wonder whether the folks at the RNC were doing hallucinogenic drugs when they sent out that tweet? Or was it a naive intern who heard a few speeches and was tricked into thinking the GOP actually cared about shrinking government.
The latter possibility is a good excuse to share this cartoon.
But let’s also look at some serious analysis.
Here are some excerpts from a column in the Wall Street Journal by Kimberley Strassel. She was motivated by a pork-filled handout to the tech industry this past summer, but then proceeded to list many other sins.
The GOP that is assisting in this quarter-trillion-dollar spendathon is the same GOP that last year provided the votes for a $1 trillion infrastructure boondoggle. The same GOP that in 2020 signed on to not one, not two, three or four, but five Covid “relief” bills, to the tune of some $3.5 trillion. The same GOP that…blew through discretionary spending caps. The same GOP that has unofficially re-embraced earmarks. The party occasionally takes a breather—say to gripe about the Democrats’ $1.9 trillion Covid bill in 2021—but then it’s right back to the spending grindstone. When was the last time anyone heard a Republican talk about the need to reform Social Security or Medicare? That disappeared with the election of Donald Trump (opposed to both)… Instead, a growing faction of the party sees a future in buying the votes of working- and middle-class voters with costly new entitlement proposals of their own, such as expanded child tax credits.
I don’t know whether to laugh or cry.
But since laughing is more fun, here’s a cartoon about earmarks (which recently were endorsed by Republican lawmakers).
I’ll close with a tiny bit of optimism.
I’ve dealt with hundreds of politicians over the years, most of whom were Republicans.
By and large, they usually understand that big government is bad for prosperity. But there are two things that have an impact on their voting behavior.
They are afraid of being rejected by voters who want freebies (especially the ones they already are receiving).
But they might be willing to cast courageous votes if there is a real chance of a long-run change in policy.
To elaborate on the second point, there have been three periods of spending restraint in my lifetime: 1) the Reagan years, 2) the Clinton years, and 3) the Tea Party years.
In all three cases, there was a critical mass of lawmakers who were willing to do the right thing in spite of the usual incentives in Washington to do the wrong thing.
Is there a 4th period in our future? That depends on whether the GOP returns to Reaganism.
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December 22, 2022
The Honorable t John Thune of Soth Dakota United States Senate Washington, D.C. 20510
We got to stop spending so much money and start paying off our national debt or the future of our children and grandchildren will be very sad indeed. Everyone knows that entitlement spending must be cut but it seems we are not brave enough to do it.
TRUE CONSERVATIVES are not the problem because they voted AGAINST THE OMNIBUS SPENDING BILL THAT DEMOCRATS AND RINO REPUBLICANS LIKE YOU IN THE SENATE HAVE VOTED FOR!!! Why did you betray your conservative supporters back home?
WASHINGTON – Sen. John Kennedy (R-La.) released the above statement after voting against the $1.7 trillion government appropriations package.
Key excerpts from the senator’s statement are below:
“Here’s the main reason I voted against the budget: Inflation. As I’ve said before, inflation is ravaging the American Dream. It’s a cancer on the American Dream, and we’re not going to get control of it until Congress stops spending so much money.”
“We’ve got to slow the rate of growth of spending and debt. Now, look, I’m not naive. There are many people here in Washington, not just on the Democratic side—there are many big-government Republicans as well—and their attitude is, ‘We can’t possibly spend enough money.’ If they ran out of money to spend and couldn’t borrow any more, they would think about taking out a reverse mortgage on Alaska to get the money. But there are enough Republicans on Capitol Hill for us to be able to slow the rate of growth and spending, and this bill didn’t do that.”
“The question becomes . . . What’s the best way to achieve the best budget? Do we sit down and do it now, or do we wait until we have a majority of Republicans in the House of Representatives? And I said all along, we should wait.”
“Here’s what it comes down to: Would you rather have Nancy Pelosi decide what the federal budget is going to be, or would you rather wait until he’s sworn in as Speaker of the House and have Kevin McCarthy? And that, to me, is a no brainer, and there was never any doubt in my mind that the prudent decision, in terms of controlling spending, was to wait for Kevin McCarthy [instead of] allowing Speaker Pelosi to make the decision.”
President Ronald Reagan once said, “I have only one thing to say to the tax increasers: Go ahead, make my day.” ____________ Here below is a list of those 66 brave Republicans that voted against the debt ceiling increase listed below in August of 2011. The ones in blue are the ones that I have […]
_________________ President Ronald Reagan wisely said: “The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.” You would think that the Republicans who talk so much of cutting spending would try to get a plan that cuts spending 3 […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]
I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]
Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Here is a study done on the votes of the 87 incoming freshman republicans frm the Club for Growth. Freshman Vote Study In the 2010 election, 87 freshmen House Republicans came to Washington pledging fealty to the Tea Party movement and the ideals of limited government and economic freedom. The mainstream media likes to say […]
Stimulating the economy comes from giving the private sector incentive to grow or in other words cutting taxes for job creators and not class warfare. Sadly we have had too many RINOS out there. The Tea Party is the answer for that. The liberal Arkansas Times blog runned by Max Brantley is upset that the Tea […]
Tea Party Conservative Senator Mike Lee interview Here is an excellent interview above with Senator Lee with a fine article below from the Heritage Foundation. Sen. Mike Lee (R-UT) came to Washington as the a tea-party conservative with the goal of fixing the economy, addressing the debt crisis and curbing the growth of the federal […]
I feel so strongly about the evil practice of running up our national debt. I was so proud of Rep. Todd Rokita who voted against the Budget Control Act of 2011 on August 11, 2011. He made this comment: For decades now, we have spent too much money on ourselves and have intentionally allowed our […]
Rep. Quayle on Fox News with Neil Cavuto __________________ We have to get people realize that the most important issue is the debt!!! Recently I read a comment by Congressman Ben Quayle (R-AZ) made after voting against the amended Budget Control Act on August 1, 2011. He said it was important to compel “Congressional Democrats and […]
What future does our country have if we never even attempt to balance our budget. I read some wise words by Congressman Jeff Landry (R, LA-03) regarding the debt ceiling deal that was passed on August 1, 2011:”Throughout this debate, the American people have demanded a real cure to America’s spending addiction – a Balanced Budget […]
I read some wise comments by Idaho First District Congressman Raúl R. Labrador concerning the passage of the Budget Control Act on August 1, 2011 and I wanted to point them out: “The legislation lacks a rock solid commitment to passage of a balanced budget amendment, which I believe is necessary to saving our nation.” I just […]
Gun control arguments just don’t make any sense, but President Obama still supports gun control. Laughing at Obama’s Belly Flop on Gun Control April 23, 2013 by Dan Mitchell I’ve shared serious articles on gun control, featuring scholars such as John Lott and David Kopel. I also posted testimonials from gun experts and an honest liberal. […]
Gun Control explained Merry Christmas from the 2nd Amendment Buy a Shotgun Joe Biden Lying AR-15 Make your own Gun Free Zone PRK Arms on CBS 47 news, Fresno Suzanna Gratia Hupp explains meaning of 2nd Amendment! Penn and Teller – Gun Control and Columbine Somebody Picked the Wrong Girl 5 Facts About Guns, Schools, […]
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