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OBUMMER OUTSPENT PAST FIVE PRESIDENTS...

By: Decomposed in FFFT | Recommend this post (1)
Sat, 02 Jun 12 2:59 AM | 97 view(s)
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President Obama Has Outspent Last Five Presidents

By Elizabeth Flock
US NEws

June 1, 2012

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A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.

"There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."

Federal spending was close to 20 percent under the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP. According to the Congressional Budget Office, federal spending may hover around 22 percent for the next decade.

http://www.usnews.com/news/blogs/washington-whispers/2012/06/01/president-obama-has-outspent-last-five-presidents

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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