The T
George S. Patton Party
2011 was a disastrous year for our debt. Yes, the Republican Congress prevented Obama from passing his budget, which would have added $1.6 trillion in new deficit spending. Instead, they passed a budget that added an additional $1.3 trillion to the national debt. Overall, federal outlays in FY 2011 (which ended September 30) were $141 billion more than the previous year. For FY 2012, thanks to the disastrous omnibus bill, we are on pace to spend at least an additional $55 billion, including $10 billion more in discretionary spending. With welfare programs skyrocketing out of control, and as unemployment continues to remain abnormally high, those mandatory spending estimates will ineluctably be revised upwad.
This president is so pathetic that after just three years in office he has accrued $4.5 trillion in debt, worth 30% of our current GDP. Thats more debt than Bushs compassionate conservatism left us with after eight years in office.