President Obama Has Outspent Last Five Presidents

Discussion in 'Politics' started by Stephanie, Jun 1, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    what, can't be:eek:
    links and chart with article at site..

    By Elizabeth Flock
    June 1, 2012 RSS Feed Print



    President Obama has shelled out more in federal spending than the five presidents that came before him.

    A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.

    "There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."

    Federal spending was close to 20 percent under the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP. According to the Congressional Budget Office, federal spending may hover around 22 percent for the next decade.

    Federal spending is also higher this year than any year since 1949. The last time spending was higher—in 1946, it was 24.8—the country was just coming down from the exorbitant rates of spending during World War II.

    all of it here with comments.

    President Obama Has Outspent Last Five Presidents - Washington Whispers (usnews.com)
     
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  2. rdean
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    rdean rddean

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  3. Stephanie
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    Stephanie Diamond Member Supporting Member

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  4. francoHFW
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    francoHFW Platinum Member

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    Costs money to avert the SECOND Pub WORLD GREAT DEPRESSION, and help 10million unemployed....great job pubbies- and thanks for paralyzing gov't since 2/2010....Pub dupes!!
     
  5. Quantum Windbag
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    Quantum Windbag Gold Member

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    You claim to be an engineer, so I have a question, do you actually understand math? If you do I want to challenge you to go through the math with me and find out who spent more money, Bush or Obama.
     
  6. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Well he thinks playing with his train set makes him an "engineer "
    :eusa_whistle:
     
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  7. SniperFire
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    SniperFire Senior Member

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    [​IMG]
     
  8. Bigfoot
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    Bigfoot NRA

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    LOL, that is such bullshit and everyone knows it :lol:


    [​IMG]

    Oh darn Dean here's a real chart that doesn't use lies and blame it on Bush accounting. At this point in time Obama is incapable of truth about his record as president.
     
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    Last edited: Jun 1, 2012
  9. AmericanFirst
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    AmericanFirst Gold Member

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  10. AmericanFirst
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    AmericanFirst Gold Member

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