Ford ran a deficit of -3.5%
Carter ran a deficit of -2.4%
Regan ran a deficit of -4.3%
Bush senior ran a deficit of -4.3%
Clinton ran a deficit of-0.1%
Bush junior ran a deficit of -3.2%
Carter ran a tighter ship financially than Reagan if you look at deficit spending. If you recall, Regan increased government spending with military spending and was the first president to introduce, the then highly controversial, and very expensive tax breaks for high income earners. When you consider he did not have any expensive wars to pay for unlike the Bushes or Obama, he did not do very well with Financial management. Clinton did better than anyone in managing the budget. Borrowing more money than you take in year after year after year is a recipe for a future financial collapse. Example Greece or New Zealand
Last edited by twowheels; 04-23-2014 at 11:19 PM.