Net Deficit/Surplus by Administration

[Bucky]

Net Deficit ( ) or Surplus for Budgets Created by Each Administration since Eisenhower in 2005 Dollars*:

President fiscal years . .. . Total balance of all budgets .. . Annual average budget balance

Eisenhower 1954-1961 . ($ -101,992,000,000) ($ -12,749,000,000)

Kennedy 1962-1964 . . . ($ -113,359,000,000) ($ -37,786,000,000)

Johnson 1965-1969 . . . ($ -207,554,000,000) ($ -41,509,000,000)

Nixon 1970-1975 . . . .. ($ -528,447,000,000) ($ -88,704,000,000)

Ford 1976-1977 . . . . . ($ -479,515,000,000) ($ -214,892,000,000)

Carter* 1978-1981 . . . ($ -641,734,000,000) ($ -160,434,000,000)

Reagan 1982-1989 . . . ($ -2,547,712,000,000) ($ -318,464,000,000)

G.H.W. Bush 1990-1993 ($ -1,465,068,000,000) ($ -366,267,000,000)

Clinton* 1994-2001 . . . . . $1,265,000,000 . . . .$158,000,000

G.W. Bush 2002-2005 .. ($ -1,314,328,000,000) ($ -328,582,000,000)

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* Figures for Carter and Clinton may be slightly misleading. Both administrations entered office with large deficits that they had to spend their first years whittling down. When he left office, Carter left a budget plan that was on track to being balanced by FY1985

[papau]

1. interesting - what is the source? Clinton had but one year that was actual

in surplus w/o the Social Security Surplus- and that year was not a budget year from 10/1 to 9/30 - it was 1/1/2000 to 12/31/2000 and is reflected in the National Debt actually decreasing over that period. Naturally, Bush has removed calendar debt changes from the government website display so as to be able to pretend Clinton had no surplus if you remove the effect of the Social Security surplus - but it is still available, as it must be, in the data files you can download.

Gross Federal Debt: $8 trillion
Debt Held by the Public: $4.7 trillion
Federal Deficit, FY2005: $333 billion
Federal Deficit without Social Security Surplus, FY2005: $508 billion
Net Interest on Debt, FY2005: $183 billion

Sources: Budget of the U.S. Government, FY2006, Historical Tables and Mid-session Review. Bureau of the Public Debt.

[papau]

2. Seems the GOP Congress overspent the Clinton Budget during those

years :-)