rnch saidthe GOP has no plan for reducing the deficit and reviving the economy.....because they DON"T WANT THIS TO HAPPEN!!
they are content with most of the country suffering and them being the comfortably weathy fat cats on top of the economic heap.
The facts speak otherwise.
To begin with, No President ever balanced a Budget. All Budgets are prepared and issued by congress.
The last time a Democrat congress balanced a Budget was under Dwight Eisenhower's Presidency some 50 years ago.
The Republican majority Congress elected in November 1994 presided over two fiscal years with declining deficits—fiscal 1996 and 1997—before it initially balanced the budget in fiscal 1998. In fiscal 1996 and 1997, the deficits were $107.4 billion and $21.9 billion respectively. These budgets would have been balanced, but President Bill Clinton did everything he could to stop the Republicans from balancing the Budget, including closing down the Federal Government thereby Strong Arming the Republican congress to spend more.
More recently, the federal budget was balanced in fiscal years 1998, 1999, 2000 and 2001. A Republican-controlled Congress approved the appropriations for each one of those years and Democratic President Bill Clinton signed them. In fiscal years 1994 and 1995, when President Clinton governed with a Democrat-controlled Congress, the federal government ran deficits of $203.2 billion and $163.9 billion respectively.
In the November 2006 elections, Democrats won back the majority in both the House and Senate, and in the three fiscal years that have started since then (2008, 2009, 2010), they have run record deficits of $458.6 billion, $1.41 trillion and $1.55 trillion.
The interest on the national Debt is $ 415 Billion annualy. And that is with the much lower interest rates of today.
So the best way to balance the US budget, and even to start paying off the National Debt, is to vote the Democrats out of office.