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