All Intensive Purposes

Working from statistics in the 2005 Economic Report of the President dating back to 1959, Michael Kinsley debunks the myth that Republicans take better care of the fisc:

Federal spending (aka "big government"): It has gone up an average of about $50 billion a year under presidents of both parties. But that breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans. If you assume that it takes a year for a president's policies to take effect, Democrats have raised spending by $40 billion a year and Republicans by $55 billion.

Leaning over backward even farther, let's start our measurement in 1981, the date when many Republicans believe that life as we know it began. The result: Democrats still have a better record at smaller government. Republican presidents added more government spending for each year they served, whether you credit them with the actual years they served or with the year that followed.

Federal revenue (aka taxes): You can't take it away from them: Republicans do cut taxes. Or rather, tax revenue goes up under both parties but about half as fast under Republicans. It's the only test of Republican economics that the Republicans win.

That is, they win if you consider lower federal revenue to be a victory. Sometimes Republicans say that cutting taxes will raise government revenue by stimulating the economy. And sometimes they say that lower revenue is good because it will lead (by some mysterious process) to lower spending.

The numbers in the Economic Report of the President undermine both theories. Spending goes up faster under Republican presidents than under Democratic ones. And the economy grows faster under Democrats than Republicans. What grows faster under Republicans is debt.

Under Republican presidents since 1960, the federal deficit has averaged $131 billion a year. Under Democrats, that figure is $30 billion. In an average Republican year, the deficit has grown by $36 billion. In the average Democratic year it has shrunk by $25 billion. The national debt has gone up more than $200 billion a year under Republican presidents and less than $100 billion a year under Democrats.

As for measures of general prosperity, each president inherits the economy. What counts is what happens next. Let's take just two measures, although they all show the same thing: Democrats do better under every variation. From 1960 to 2005 the gross domestic product measured in year-2000 dollars rose an average of $165 billion a year under Republican presidents and $212 billon a year under Democrats. Measured from 1989, or measured with a one-year delay, or both, the results are similar. And how about this one? The average annual rise in real per capita income -- that's the statistic that puts money in your pocket. Democrats score about 30 percent higher.

Democratic presidents have a better record on inflation (averaging 3.13 percent compared with 3.89 percent for Republicans) and on unemployment (5.33 percent versus 6.38 percent). Unemployment went down in the average Democratic year, up in the average Republican one.

Almost forgot: If you start in 1981 and if you factor in a year's delay, Republican presidents edge out Democratic ones on inflation, 4.57 to 4.36.