Spending under Obama increasing at lowest pace since Eisenhower's administration (user search)
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  Spending under Obama increasing at lowest pace since Eisenhower's administration (search mode)
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Author Topic: Spending under Obama increasing at lowest pace since Eisenhower's administration  (Read 6317 times)
Wisconsin+17
Ben Kenobi
Junior Chimp
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Posts: 6,134
United States


« on: May 24, 2012, 10:20:47 PM »

It's because otherwise the statistics would show something quite different, Shua.

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Even if all the public servants who were let go never found private sector employment, the net change to the economy would be zero.

Increasing the size of the public service also provides a net change of zero. For the same reason.

I'll leave that as an exercise for you to figure it out.
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Wisconsin+17
Ben Kenobi
Junior Chimp
*****
Posts: 6,134
United States


« Reply #1 on: May 24, 2012, 10:23:57 PM »

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What 2009 budget? There wasn't a budget passed in 2009, 2010, 2011, or as yet, in 2012.

The last federal budget was passed in 2008, in April. More than 4 years ago. Obama will be the first president never to pass a budget in his entire term.

We don't actually know how much he has spent because we don't have a budget. The numbers that we do have, show that the debt has jumped from 60 percent of GDP all the way up to 100+ percent.

Obama could clear the previous record of 120 percent easily.
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Wisconsin+17
Ben Kenobi
Junior Chimp
*****
Posts: 6,134
United States


« Reply #2 on: May 26, 2012, 05:54:55 PM »

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Nope. The last budget passed was in April of 2008. There have been zero budgets passed under Obama, so the only way to know how much has been spent is to look at the debt.

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Not to mention the fact that we don't actually have the numbers for how much he is spending. Wink   
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