Purveyor of Truth
What got me into blogging several years ago was the fiscal aspect of managing a government effectively. Of course I believing the oft stated claim that democrats and liberals were the biggest spenders and were going to ruin the country though their fiscal mismanagement. Of course we're talking budgets and deficits here. Interestingly enough I just happened to be thinking about deficits by presidents today and came across some interesting data, naturally I had to share.
A few months ago, I wrote an article titled "Which Political Party Has Posted The Highest Average Budget Deficits in the post WWII Era". The article looked at the average inflation adjusted deficits that have been posted when either Republicans or Democrats have held the White House, from 1946 to 2009.
Over the past few months, we received a number of comments and emails asking us to write a follow-up article that would include data on average inflation adjusted deficits based on which party was controlling the Senate or House of Representatives (or both). Fair enough, and I can definitely see why you would want that data.
So here goes:
First, let's start with average inflation adjusted deficits from 1946-2010, based on which party held the White House (I have assumed that the 2010 deficit will come in at around $1.35 trillion):
Total Years: 29
Average Inflation Adjusted Deficit: $150.73 billion
Total Years: 36
Average Inflation Adjusted Deficit: $202.28 billion
Ok, now let's look at deficits based on which party controlled the Senate:
Republican Senate Control
Total Years: 20
Average Inflation Adjusted Deficit: $170.78 billion
Democrat Senate Control
Total Years: 45
Average Inflation Adjusted Deficit: $183.06 billion
Now, deficits based on which party controlled the House of Representatives:
Republican House Control
Total Years: 14
Average Inflation Adjusted Deficit: $89.57 billion
Democrat House Control
Total Years: 51
Average Inflation Adjusted Deficit: $203.91 billion
Lastly, let's look at the stats when either party controlled both the Senate and the House:
Republican House and Senate Control
Total Years: 12
Average Inflation Adjusted Deficit: $101.72 billion
Democrat House and Senate Control
Total Years: 43
Average Inflation Adjusted Deficit: $190.80 billion
It's interesting to note that the majority of the surpluses posted between 1946 and 2010 (there are not that many, but still) have come when one party holds both the Senate and House, while the other party holds the White House emphasis mine)
Perhaps we need to place both houses of congress in the hands of the same party and the executive branch in the other hands of the other party. That is if we want to enhance the likelihood of budget surpluses.
More BELOW THE FOLD.
h/t: Dave Manuel.com