Should We Blame Congress or the White House for Deficits?

Barry Ritholtz asks an interesting question: since Congress controls the budget and presidents set the agenda, can we say that one is more responsible for our deficits? He doesn't answer the question so much as tease readers with these two really interesting graphs that plot our deficits next to each party's control of the White House or Congress. So who can we blame?

Before we get to the conclusions, here are the graphs. First we've got deficits plotted against each party's control of Congress:
congressd.pngAnd here's what it looks like under each president:
presd.pngAs a commenter pointed out, this seems to me like a pretty good visualization of the Unitary Executive theory. If you try to make sense of the first graph in a vacuum, you risk a serious headache. In the second graph, the line segments between each president's term tell a pretty good story. Consistent deficits under Reagan and Bush dip with the 1991 recession. The Clinton years are a rare positive line that collapses in the first few years of the Bush administration, and Obama has both inherited and piled on to a steep down-trending line.

The other point that strikes me is how consistent the orange line -- indicating government expenditures -- is in the top part of each graph. There is a lot of noise made about the spending habits of particular presidents, and indeed there should be, because government spending reflects the values of our electeds. But it's strange that from a 30,000 foot view, the rise of government spending looks like such a perfectly straight line.
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Never Tell People How Old They Look

Age discrimination affects us all. Who cares about youth? James Hamblin turns to his colleague Jeffrey Goldberg for advice.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Never Tell People How Old They Look

Age discrimination affects us all. James Hamblin turns to a colleague for advice.

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

Video

Pittsburgh: 'Better Than You Thought'

How Steel City became a bikeable, walkable paradise

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

More in Business

Just In