Re: ready for it to be over

On Thu, 7 Nov 2024 22:54:23 +0100, D <nospam@example.net> wrote:

Actually it is the democrats who are the biggest spenders, so this is
incorrect.

Support your claim

More fiscally responsible: Democrat or Republican presidents?

[Journal of Post Keynesian Economics Volume 45, 2022 - Issue 3 ]


Abstract

Evidence is reviewed that national economic performance generally has
been better under Democrat presidents. It is likely, but not
necessarily true, however, that better economic performance is related
to greater fiscal responsibility. A brief history of federal budget
deficits and the gross federal debt for the last seven decades is
followed by discussion of why federal budget deficits matter. A simple
model is estimated where the shares of federal budget deficits in
gross domestic products over the 72-year period from 1950 to 2021 are
regressed on the civilian unemployment rate, indicating the state of
the economy, and controlling for whether a Democrat or Republican is
president and for years the U.S. was engaged in war. An Index of
Fiscal Discipline is then regressed on the growth rate in real gross
domestic product, again controlling for the party in the White House
and war years. The results show that Democrat presidents have been
significantly more fiscally responsible.

https://www.tandfonline.com/doi/full/10.1080/01603477.2022.2094276?scroll=top&needAccess=true