Another way to indicate the problem is spending -- specifically, Mr. Obama's spending -- if federal spending were held to what it was during President Bush's last year in office, deficits likely would be eliminated in four years.
Can we all please agree to the math and get on with the decision?
2 comments:
Obama has spent like crazy, but let's not pretend that the majority of the money spent on wars the past several years has been justifiable.
The money spent on the wars is a pittance compared to BHO's boost to the baseline in the "stimulus." Really: total defense spending is below 5% of GDP, so that means that BHO boosted federal spending in an amount equal to the entire defense budget. You can't blame the wars for the fiscal crisis.
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