Tuesday, July 19, 2011
Spend It Like Bush - Bush and Obama compared!
What if, over the next decade, the federal government spends as irresponsibly as President George W. Bush did?
Compare two things: the 2012-2021 federal budget as proposed by President Obama in February (and as scored by the Congressional Budget Office in April), and the actual average spending level from 2001 through 2008 as a fraction of Gross Domestic Product. We'll keep the CBO's predictions of revenues and GDP untouched so that only spending differences are compared."
Compare two things: the 2012-2021 federal budget as proposed by President Obama in February (and as scored by the Congressional Budget Office in April), and the actual average spending level from 2001 through 2008 as a fraction of Gross Domestic Product. We'll keep the CBO's predictions of revenues and GDP untouched so that only spending differences are compared."
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