TheGreatGatsby
Gold Member
Apparently, Obama and is spouting how he has decreased spending at a lower rate than any president in decades.
How did he come to this conclusion?
He used 2009 as the baseline (year ends at end of June). That was the year that both Bush and Obama passed major stimulus bills. Then in subsequent years, he basically only slightly increased 'stimulus' level spending.
Now here's the real problem. How much has spending actually increased under Obama? Well; Bush's last submitted budget (which was already bloated with Dem crap and two wars) was $3.1 trillion. Obama's 2013 budget submission (with one war and military cuts) is $3.8 trillion. That's an 18 percent increase. That's a little bit different than the 1.4 percent he is claiming.
And Clinton's last submitted budget was $1.9 trillion (2001). So Obama has actually submitted a budget that is double what it was only twelve years ago.
Also, how many times lately, have we heard Obama say that he's going to control debt relative to the percentage of GDP lately? That's his talking point. It's how he's been trying to justify not making any actual cuts.
But here's the problem. He artificially rose the deficit as a level of GDP at a time when the interest on our debt was becoming an even bigger boon.
Deficit as a percentage of GDP:
2012 - 8.5
2011 - 8.7
2010 - 8.9
2009 - 9.9
2008 - 3.2
2007 - 1.2
2006 - 1.9
2005 - 2.6
2004 - 3.5
2003 - 3.4
2002 - 1.5
2001 - 1.3
2000 - 2.4
1995 - 2.2
1990 - 3.9
1985 - 5.1
1980 - 2.7
1975 - 3.4
1970 - 0.3
1965 - 0.2
1960 - 0.1
1955 - 0.8
1950 - 0.1
1945 - 21.5
1940 - 3.0
1935 - 4.0
1930 - 0.8
You see the difference between Bush, who Dems called a reckless spender and Obama? Aside from the stimulus year even with two wars he was never above 3.5. Obama has routinely exceeded him by about 250 percent.
And you'll notice that in 2003; the first budget year after 9/11 it still only went to 3.4. At that time, the politicians weren't giving us any phony bologna about a stimulus either. The increase was only war related.
Sources:
United States federal budget - Wikipedia, the free encyclopedia
Historical Federal Budget Reference. Compare reviews & ratings.
How did he come to this conclusion?
He used 2009 as the baseline (year ends at end of June). That was the year that both Bush and Obama passed major stimulus bills. Then in subsequent years, he basically only slightly increased 'stimulus' level spending.
Now here's the real problem. How much has spending actually increased under Obama? Well; Bush's last submitted budget (which was already bloated with Dem crap and two wars) was $3.1 trillion. Obama's 2013 budget submission (with one war and military cuts) is $3.8 trillion. That's an 18 percent increase. That's a little bit different than the 1.4 percent he is claiming.
And Clinton's last submitted budget was $1.9 trillion (2001). So Obama has actually submitted a budget that is double what it was only twelve years ago.
Also, how many times lately, have we heard Obama say that he's going to control debt relative to the percentage of GDP lately? That's his talking point. It's how he's been trying to justify not making any actual cuts.
But here's the problem. He artificially rose the deficit as a level of GDP at a time when the interest on our debt was becoming an even bigger boon.
Deficit as a percentage of GDP:
2012 - 8.5
2011 - 8.7
2010 - 8.9
2009 - 9.9
2008 - 3.2
2007 - 1.2
2006 - 1.9
2005 - 2.6
2004 - 3.5
2003 - 3.4
2002 - 1.5
2001 - 1.3
2000 - 2.4
1995 - 2.2
1990 - 3.9
1985 - 5.1
1980 - 2.7
1975 - 3.4
1970 - 0.3
1965 - 0.2
1960 - 0.1
1955 - 0.8
1950 - 0.1
1945 - 21.5
1940 - 3.0
1935 - 4.0
1930 - 0.8
You see the difference between Bush, who Dems called a reckless spender and Obama? Aside from the stimulus year even with two wars he was never above 3.5. Obama has routinely exceeded him by about 250 percent.
And you'll notice that in 2003; the first budget year after 9/11 it still only went to 3.4. At that time, the politicians weren't giving us any phony bologna about a stimulus either. The increase was only war related.
Sources:
United States federal budget - Wikipedia, the free encyclopedia
Historical Federal Budget Reference. Compare reviews & ratings.
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