Over at Gateway Pundit, Jim Hoft likes to post this graph showing just how much deficits increased since the inauguration of President Obama in 2009. Given how frequently our liberal friends criticize the immediate past president, a Mr. G. W. Bush, for his spending habits, I circled the budget deficits for the four fiscal years prior to the Democrats’ regaining their congressional majority:
Let’s take a closer look at the chart:
Do you see how for three consecutive years, budget deficits were declining. Do you know what distinguishes those three years from all but one year on the chart? Yup, you got it. In those three years, Republicans controlled the White House and both houses of Congress. Recall that in the first two Bush years, the houses were divided when Vermont’s Jim Jeffords, to much media acclaim, abandoned the GOP.
To be sure, we did see a slight increase in the deficit for the first Fiscal Year that W governed alongside a Republican Congress, but after that until Democrats won Congress in 2006, deficits were declining. Seems that Republicans were already learning the lesson that they needed to do a better job holding the line on spending. Only with a Democratic Congress in 2007 did spending increase dramatically and deficits considerably.
Now, you can–and I do–criticize Bush and the GOP for not doing more to cut spending. And you can fault him–and I do–for not playing hardball with the 110th (Democratic majority) Congress, but the fact remains that Nancy Pelosi’s House and Harry Reid’s Senate had a hand in the growing gap between federal revenues and expenditures–even before the election of Barack Obama to the White House.