It's The Stupid Economy

Which party, historically, is better for the U.S. Debt?

Certainly NOT the republics!

Since 1938 the Democrats have held the White house for 35 years, the Republicans for 34. Over that time the national debt has increased at an average annual rate of 8.7%. In years Democrats were in the White House there was an average increase of 8.3%. In years the Republicans ran the White House the debt increased an average 9.7% per year. Those averages aren’t that far apart, but they do show a bias toward more borrowing by Republicans than Democrats even including World War II.

If you look at the 59-year record of debt since the end of WWII, starting with Truman’s term, the difference between the two parties’ contributions to our national debt level change considerably. Since 1946, Democratic presidents increased the national debt an average of only 3.2% per year. The Republican presidents stay at an average increase of 9.7% per year. Republican Presidents out borrowed and spent Democratic presidents by a three to one ratio. Putting that in very real terms: for every dollar a Democratic president has raised the national debt in the past 59 years Republican presidents have raised the debt by $2.99.

Prior to the Neo-Conservative takeover of the Republican Party there was not much difference between the two parties’ debt philosophy. They both worked together to minimize it. However the debt has been on a steady incline ever since the Reagan presidency. The only exception to the steep increase over the last 25 years was during the Clinton presidency, when he brought spending under control and the debt growth down to almost zero.

Comparing the borrowing habits of the two parties since 1981, when the Neo-Conservative movement really took hold and government spending raced out of control, it is extremely obvious that the big spenders in Washington are Republicans and their party’s presidents. The only Democratic president since then, Mr. Clinton raised the national debt an average of 4.3% per year. The Republican presidents (Reagan, Bush, and Bush II) raised the debt an average of 10.8% per year. That is, for every dollar a Democratic President has raised the national debt in the past 25 years, Republican presidents have raised the debt by $2.53. Any way you look at it Neo-Conservative Republican presidents cannot or will not control government spending.