Monday, June 01, 2009

Bush was a big spender

especially on social programs. He increased government spending more than any of the six presidents preceding him, including LBJ. You’re thinking, well, it was 2 wars, but it wasn’t that. Some of the increase was from mandatory spending--would happen regardless, but much was discretionary. He added thousands of new programs during his eight years in office. In 2008, there were 1,816 subsidy programs in the federal budget that spread hundreds of billions of dollars annually to special interest groups. The number of subsidy programs grew by 30 percent since 2000 and by 54 percent since 1990 according to Mercatus Center at George Mason.

Then President Obama, in just four months, has made President Bush look like a stingy piker, carefully monitoring the government purse strings. According to Obama’s own ten-year deficit projections, this so-called "New Era of Responsibility" will have deficits every single year that will be bigger than the deficits of the Bush years. Mercatus analyzes Obama’s budget and concludes: “Based on his budget, the only promises the President can credibly make are high marginal rates, higher tax burdens for all, dramatic spending increases, and unprecedented and sustained levels of debt for the American people, their children, and grandchildren. Unfortunately, we know the consequences of such policies: slower growth rates, higher unemployment rates, lower standards of living, and higher levels of poverty.”

Not to mention all the segments of the economy that have been taken over in Obama's War on the Economy (O WOE) to create a socialist country.

1 comment:

Anonymous said...

Murray sez:
Unfortunately the democrat supporters and slackers ignore the consequences of Obama's world. There are enough of these people coupled with the cowardly republicans that enable Obamaism to continue to destroy our great country. This shouldn't be a matter of politics but one of common sense!