Democrat Spending Makes Bush Look Like Pauper
The knock most conservatives have about President Bush was his propensity to spend - he increased spending from 2001-08 at 6.4% annually or 2x the inflation rate. Not to be outdone, Obama and Pelosi have increased spending by 8% in their first year, or 6x today's inflation rate - at a time when median household incomes are actually falling. Oh, and this excludes Medicare and Medicaid, which are increasing by 9.8% and 24.7%, respectively, as well as any of the new entitlements or porkulus funds. From the WSJ.
Naturally, Obama's mere $1 trillion deficit by the time he leaves office is based on his ability to cut spending to below the inflation rate...
Naturally, Obama's mere $1 trillion deficit by the time he leaves office is based on his ability to cut spending to below the inflation rate...
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