
03-23-2009, 04:20 PM
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Keeneland
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Join Date: Mar 2007
Posts: 14,153
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Quote:
Originally Posted by dellinger63
Bush's spending was excessive and generally speaking not a very conservative thing to do. But this guy has taken it to 'a whole notha level' and in only 2 months apparanty due to Bush's 'failed policies'. He obviously felt there wasn't nearly enough spending.
Bush v. Obama: Bush expanded the federal budget by a historic $700 billion. Obama would add another $1 trillion. Bush increased federal education spending 58% faster than inflation. Obama would double it.
Bush v. Obama, Round 2: Bush became the first President to spend 3% of GDP on federal antipoverty programs. Obama has already increased it to 20%.
Bush v. Obama, Round 3: Bush reduced taxes by nearly $2 trillion. Even after Obama’s tax cuts, he still will raise them by a total of $1.4 trillion.
Bush v. Obama, Round 4: In 2007, before the recession, Washington spent $24,172 per household. Obama would increase that to $32,463 per household.
Bush v. Obama Scorecard: While President Obama has framed his budget as a break from “failed policies” of the Bush Administration, it is in fact a doubling down on borrowing, spending, and bailing out.
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The way I see it, the number three "could happen" scenario pays off the number one "could happen" scenario, and leaves the taxpayers with a multi-billion dollar profit.
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