The stunning chart that shows the Obama spending binge really happened « The Enterprise Blog: "But there were a few problems with Nutting’s numbers. Nutting’s methodology assumes spending in the first year of a presidential term should be credited to the previous president. OK, fine. But he attributed a $410 billion spending bill in March of 2009 to George W. Bush even though it was signed by Barack Obama. Nutting also didn’t use inflation adjusted numbers.
But I did both of those and got wildly different results from Nutting, as seen in the chart at the top of this post. (Note: I looked at absolute spending as opposed to the rate of increase.)
My numbers show that spending under the ’10-’13 Obama budgets far outstrips spending by a generation of presidential predecessors. This should not be surprising since spending as a share of GDP under Obama is the highest in U.S. history outside of World War II."
And never mind that if FedGov used accrual accounting as it should, the deficit this year alone would be $5T ... according to ... USA Today.
Ugghh.
But don't worry, they'll still be endorsing O Duce.
Posts
