11
Jul
11

‘the truth….about government spending’

Business Insider: …. Federal government spending has risen under President Obama, mostly because of the $800 billion stimulus designed to offset the massive recession he inherited from President Bush. But the increase in federal spending under Obama is dwarfed by the colossal increase under President Bush.

Don’t believe it? Here’s Federal Expenditures from 2000-2011:


As you can see, from 2000 to 2008, under President Bush, Federal spending rose by $1.3 trillion, from $1.9 trillion a year to $3.2 trillion a year.

From 2009 to 2011, meanwhile, under President Obama, federal spending has risen by $600 billion, from $3.2 trillion a year to $3.8 trillion a year.  It has also now begun to decline.

In other words, federal government spending under President Bush increased 2X as much as it has under President Obama.

So, who’s responsible for the explosion in federal spending?

More here


4 Responses to “‘the truth….about government spending’”


  1. 1 Bobfr
    July 11, 2011 at 11:16 am

    Boehner has one way of surviving re-election in Nov 2012 – do a deal with President Obama that has the support of the vast majority of Dems in the House and whatever number of Republicans he can gather to get a deal done.

    Whether he does it or not we are going to witness a challenge by Cantor to replace Boehner as Speaker and even the dimmest American will realize that Cantor and his teabagger cronies are more than willing to destroy America to serve a few ultra-wealthy people.

    As long as President Obama can avoid a default on our debt – which he can at any moment he invokes Section 4 of the XIV Amendment – irrespective of what House teabaggers do, the Democratic Party should emerge in November 2012 even more victorious than they did in 1936.

    Yes.We.Can. … DO.More.Together!

  2. July 11, 2011 at 12:01 pm

    Bob, I fervently pray you are right! You have such good insights all the time, I love your posts… and thanks to Ms Chips for all the great articles to forward!

  3. 3 SUE DUVALL SMITH
    July 11, 2011 at 1:16 pm

    I’M VERY SICK AND TIRED OF THIS ENTIRE MESS. I CAN ONLY IMAGINE WHAT THIS STRESS IS DOING TO OUR DOWN TRODDEN AMERICANS WHO ARE EACH DAY FACING SO MANY CHALLENGES. CONGRESS HAS TOO MUCH POWER BECAUSE IT IS CONTINUALLY UTILIZED AS A PLAYGROUND FOR LOBBYISTS AND SPECIAL INTERESTS. WE NEED SOME SEVERE CHANGE IN THIS COUNTRY!

  4. 4 utaustinliberal
    July 11, 2011 at 2:26 pm

    Great summary of the truth about govt spending. If President Obama was President four times over, he would never reach nor eclipse the massive debt GWB dumped on this nation.


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