Reply #9: The Federal Budget for FYE 1969 was prepared by the Johnson administration.

[TahitiNut]

The budget for the first term (9 months, actually) of any administration is prepared by the prior administration - even though the incoming administration changes the spending priorities.

The on-budget (not including various trust funds) federal deficits during the Viet Nam Era were miniscule compared to Reagan/Bush, Bush/Quayle, and Bush/Cheney ... the three most profligate administrations in recent history.




Furthermore, the amount of 'spin' gained by citing a "unified budget" was nothing compared to the post-1984 OASDI rate changes to build up an enormous trust fund balance to offest the retirement of the baby boom generation - the first generation to pay, not only for the benefits of the prior generation but their own generation.