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<blockquote data-quote="moreluck" data-source="post: 774758" data-attributes="member: 1246"><p><strong>Re: Obamanomics</strong></p><p></p><p>What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details:</p><ul> <li data-xf-list-type="ul">President Bush expanded the federal budget by a historic $700 billion through 2008. <a href="http://www.heritage.org/Research/Taxes/wm1829.cfm" target="_blank">President Obama would add another $1 trillion.</a></li> <li data-xf-list-type="ul">President Bush began a string of expensive finan&shy;cial bailouts. <a href="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref4" target="_blank">President Obama is accelerating that course.</a></li> <li data-xf-list-type="ul">President Bush created a Medicare drug entitle&shy;ment that will cost an estimated $800 billion in its first decade. <a href="http://www.cnn.com/2009/POLITICS/02/25/budget.healthcare/" target="_blank">President Obama has proposed a $634 billion down payment on a new govern&shy;ment health care fund.</a></li> <li data-xf-list-type="ul">President Bush increased federal education spending 58 percent faster than inflation. <a href="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref5" target="_blank">Presi&shy;dent Obama would double it.</a></li> <li data-xf-list-type="ul">President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. <a href="http://www.heritage.org/Research/Economy/wm2276.cfm" target="_blank">President Obama has already in&shy;creased this spending by 20 percent.</a></li> <li data-xf-list-type="ul">President Bush tilted the income tax burden more toward upper-income taxpayers. <a href="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref7" target="_blank">President Obama would continue that trend.</a></li> <li data-xf-list-type="ul">President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), <a href="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref14" target="_blank">President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.</a></li> </ul><p>from: </p><p><a href="http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/" target="_blank">http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</a></p></blockquote><p></p>
[QUOTE="moreluck, post: 774758, member: 1246"] [b]Re: Obamanomics[/b] What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details: [LIST] [*]President Bush expanded the federal budget by a historic $700 billion through 2008. [URL="http://www.heritage.org/Research/Taxes/wm1829.cfm"]President Obama would add another $1 trillion.[/URL] [*]President Bush began a string of expensive finan­cial bailouts. [URL="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref4"]President Obama is accelerating that course.[/URL] [*]President Bush created a Medicare drug entitle­ment that will cost an estimated $800 billion in its first decade. [URL="http://www.cnn.com/2009/POLITICS/02/25/budget.healthcare/"]President Obama has proposed a $634 billion down payment on a new govern­ment health care fund.[/URL] [*]President Bush increased federal education spending 58 percent faster than inflation. [URL="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref5"]Presi­dent Obama would double it.[/URL] [*]President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. [URL="http://www.heritage.org/Research/Economy/wm2276.cfm"]President Obama has already in­creased this spending by 20 percent.[/URL] [*]President Bush tilted the income tax burden more toward upper-income taxpayers. [URL="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref7"]President Obama would continue that trend.[/URL] [*]President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), [URL="http://www.heritage.org/Research/Budget/bg2249.cfm#_ftnref14"]President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.[/URL] [/LIST]from: [URL]http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/[/URL] [/QUOTE]
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