Chris
04-12-2013, 07:54 AM
Interesting, while it's true Bush spent too much and Obama is spending even more, the reverse is true if you look at spending increase rates.
President Barack Obama’s new budget proposes to spend $3.78 trillion in 2014, which would be 27 percent higher than spending in 2008. President Obama believes in expansive government, and he is proposing a range of new programs, including subsidies for infrastructure, preschool, and mental health care.
However, total federal outlays increased substantially faster under President George W. Bush than they have under Obama so far. It is true that Obama’s spending ambitions have been restrained by House Republicans. But looking at the raw data, it appears that the last Republican president was more profligate than the current Democratic one....
http://i.snag.gy/66xv8.jpg
...Here is another comparison:
Spending growth in Bush’s first seven years: 4%, 8%, 7%, 6%, 8%, 7%, 3%, 9%.
Spending growth in Obama’s six years: 13%, 6%, 2%, -3%, 5%, 2%.
@ Obama’s Budget: Spending Too High, But Bush Was Worse (http://www.cato.org/blog/obamas-budget-spending-too-high-bush-was-worse)
President Barack Obama’s new budget proposes to spend $3.78 trillion in 2014, which would be 27 percent higher than spending in 2008. President Obama believes in expansive government, and he is proposing a range of new programs, including subsidies for infrastructure, preschool, and mental health care.
However, total federal outlays increased substantially faster under President George W. Bush than they have under Obama so far. It is true that Obama’s spending ambitions have been restrained by House Republicans. But looking at the raw data, it appears that the last Republican president was more profligate than the current Democratic one....
http://i.snag.gy/66xv8.jpg
...Here is another comparison:
Spending growth in Bush’s first seven years: 4%, 8%, 7%, 6%, 8%, 7%, 3%, 9%.
Spending growth in Obama’s six years: 13%, 6%, 2%, -3%, 5%, 2%.
@ Obama’s Budget: Spending Too High, But Bush Was Worse (http://www.cato.org/blog/obamas-budget-spending-too-high-bush-was-worse)