The 2014 elections are nearly on us, and three of the most important topics have hardly been covered – at least not in a way voters can tell whom to vote for.
Using the White House OMB Historical Table 1.1, we find we’ve only had five budget surpluses since 1965. Matching those results with who controlled the House when the budget was passed, we find the last time congressional Democrats were responsible for a surplus was 1969. They’ve been responsible for 30 of the last 45 budgets, all finishing with deficits. And they continue to fight any attempt to bring spending under control while calling for more spending!... continue reading »