27 May

The Chart Obama Want's You To Forget

                                       

The chart Obama wants us all to forget about: (h/t Doug Ross)

Over the past 50 years, 10 U.S. presidents have made annual budget requests to Congress, projecting deficits both big and small. But no other president compares to Barack Obama when it comes to the size and scale of the current budget deficit facing the United States.

The country is facing an 8.3 percent estimated average national deficit of a two-term Obama administration — the biggest of the past 50 years. By comparison, the current estimate for Obama is nearly double the percentage under Presidents Ronald Reagan and George H.W. Bush — and they were fighting the Cold War.

The only thing I would add to that chart is which party controlled Congress during their presidency.

Take the first few years of Obama's term where he had super majorities and rammed through any and all spending increases he could think of.

Lastly, isn't it interesting that not one President has been able to decrease the deficit in the last 50 years?

Exit quote:

A striking chart showing that, over the last decade, 65 percent of federal expenditures went to pay for entitlement commitments, not wars in Iraq and Afghanistan, defense, or national security:

http://privatehaftpflichtversicherungg.com/

“About 65 percent of federal expenditures over the last ten years have gone towards entitlements,” Paul Miller writes. “By comparison, about 15 percent has gone towards national defense, excluding the wars in Iraq and Afghanistan. Iraq has cost three percent, and only about one percent has gone towards the war in Afghanistan (including the cost of ongoing military operations and all reconstruction and stabilization assistance combined), according to my analysis of figures from OMB.”

jfdghjhthit45

About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years.
This entry was posted in Barack Obama, Economy, Obamanomics, Politics. Bookmark the permalink. Sunday, May 27th, 2012 at 4:31 pm
| 1,322 views