{"id":279,"date":"2012-03-29T11:02:44","date_gmt":"2012-03-29T15:02:44","guid":{"rendered":"https:\/\/granitestatetaxpayers.org\/gst\/?p=279"},"modified":"2012-05-08T18:13:32","modified_gmt":"2012-05-08T22:13:32","slug":"whos-responsible-for-the-debt","status":"publish","type":"post","link":"https:\/\/granitestatetaxpayers.org\/gst\/whos-responsible-for-the-debt\/","title":{"rendered":"US Debt: Who&#8217;s Responsible?"},"content":{"rendered":"<p><strong>DEFICITS: PRESIDENT OR CONGRESS?<\/strong><br \/>\nPolitical pundits often comment on the records of Presidents regarding deficits.<br \/>\nIn fact, the Congress is the branch of government responsible for the budget.<\/p>\n<p><em>The Constitution of the United States, in Article 1 (the Congress) states:<\/em><br \/>\n<em>Section. 7:<\/em> All Bills for raising Revenue shall originate in the House of Representatives; ..<\/p>\n<p><em>Section. 8:<\/em> The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises; ..To borrow Money on the credit of the United States;<\/p>\n<p><em>Section. 9:<\/em> No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; ..<\/p>\n<p>Let&#8217;s compare the records of Presidents and Congresses using data as of 8\/10\/11 from:<br \/>\n<a href=\"http:\/\/www.whitehouse.gov\/omb\/budget\/Historicals\" title=\"Table 7.1\u2014Federal Debt at the End of Year: 1940\u20132017\" target=\"_blank\">http:\/\/www.whitehouse.gov\/omb\/budget\/Historicals<\/a><\/p>\n<p><strong>DEBT SUMMARY BY PRESIDENT:<\/strong><br \/>\nFrom:&#8230;To:&#8230;..Change:&#8230;&#8230;.Annual:&#8230;&#8230;President:&#8230;US House:<br \/>\n1961&#8230;.1964&#8230;.$&#8230;..25,534&#8230;.$&#8230;..6,384&#8230;.Kennedy&#8230;..Democrat<br \/>\n1981&#8230;.1988&#8230;.$1,692,063&#8230;.$..211,508&#8230;.Reagan&#8230;&#8230;.Democrat<br \/>\n1989&#8230;.1992&#8230;.$1,400,683&#8230;.$..350,171&#8230;.Bush&#8230;&#8230;&#8230;.Democrat<br \/>\n1993&#8230;.2000&#8230;.$1,626,913&#8230;.$..203,364&#8230;.Clinton&#8230;&#8230;.Both<br \/>\n2001&#8230;.2008&#8230;.$4,357,382&#8230;.$..544,673&#8230;.Bush&#8230;&#8230;&#8230;.Both<br \/>\n2009&#8230;.2011&#8230;.$5,490,161&#8230;.$1,830,054&#8230;Obama&#8230;&#8230;.Democrat<\/p>\n<p><strong>DEBT SUMMARY BY PARTY MAJORITY IN THE US HOUSE OF REPRESENTATIVES:<\/strong><br \/>\nFrom:&#8230;To:&#8230;..Change:&#8230;&#8230;.Annual:&#8230;&#8230;US House:&#8230;.President:<br \/>\n1981&#8230;.1988&#8230;.$1,692,063&#8230;.$..211,508&#8230;.Democrat&#8230;&#8230;Reagan<br \/>\n1989&#8230;.1992&#8230;.$1,400,683&#8230;.$..350,171&#8230;.Democrat&#8230;&#8230;Bush<br \/>\n1992&#8230;.1995&#8230;.$1,322,408&#8230;.$..306,266&#8230;.Democrat&#8230;&#8230;Clinton<br \/>\n1996&#8230;.2000&#8230;.$&#8230;708,114&#8230;.$..141,623&#8230;.Republican&#8230;.Clinton<br \/>\n2001&#8230;.2007&#8230;.$3,322,044&#8230;.$..474,578&#8230;.Republican&#8230;.Bush<br \/>\n2008&#8230;.2008&#8230;.$1,035,338&#8230;.$1,035,338&#8230;Democrat&#8230;&#8230;Bush<br \/>\n2009&#8230;.2011&#8230;.$5,490,161&#8230;.$1,830,054&#8230;Democrat&#8230;&#8230;Obama<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEFICITS: PRESIDENT OR CONGRESS? Political pundits often comment on the records of Presidents regarding deficits. In fact, the Congress is the branch of government responsible for the budget. The Constitution of the United States, in Article 1 (the Congress) states: Section. 7: All Bills for raising Revenue shall originate in the House of Representatives; .. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","category-secial-alerts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Debt: Who&#039;s Responsible? - Granite State Taxpayers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/granitestatetaxpayers.org\/gst\/whos-responsible-for-the-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Debt: Who&#039;s Responsible? - Granite State Taxpayers\" \/>\n<meta property=\"og:description\" content=\"DEFICITS: PRESIDENT OR CONGRESS? Political pundits often comment on the records of Presidents regarding deficits. In fact, the Congress is the branch of government responsible for the budget. The Constitution of the United States, in Article 1 (the Congress) states: Section. 7: All Bills for raising Revenue shall originate in the House of Representatives; .. 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