Wednesday, May 30, 2012

Where exactly is all of this money?


There’s this crazy claim being made that President Obama is on some kind of spending spree and has increased government spending to outrageous levels never before seen or done by any President before.

The truth is that spending has slowed under this administration and the deficit has been smaller for the past two years – the only two that this president had control over.  Well, except for this year but I haven’t looked at the numbers for this year yet.  Overall there’s been an increase, but at a slower rate than any other President in at least 30 years.

Personally I think that President Obama hasn’t been spending enough.  With a sluggish economy it is the role of the government to spend and with virtually negative interest rates it doesn’t make sense not to borrow the money and spend it.  Right now the federal government should be spending like crazy.  There isn’t any risk of inflation at the moment.  This country would be a lot better off if there was more spending.

But Obama hasn’t been spending that much even though people keep saying that he has been.  I guess when the facts get in the way some people just ignore them.

2 comments:

pasoc said...

Haven't you heard? Obama is a foreign-born anti-American bigot that wants to create a socialist environment and hates our country? Facts be d@mned.

beatthereaper said...

How could I forget. Though he's not doing a very good job of the socialism thing.