Tuesday, February 12, 2008

Federal budget deficit (1961-2007)


See the figure for federal budget deficit from 1961 to 2007. (http://www.uuforum.org/Images/deficit.gif)

2 comments:

Mike said...

Call me ignorant, but shouldn't democrats be the ones in the deficits because they like spending tax payers' money, even into deficits? Aren't Republicans supposed to be fiscally responsible? Am I missing something?

Zhirong (Jerry) Zhao said...

No. The true difference is -- Democrats like to spend more with higher tax amount, while Republicans like to spend more with tax cut.