Saturday, June 16, 2012

Obama: The Biggest Government Spender In World History!


Forbes ^ | June 14, 2012 | Peter Ferrera



The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today.

President Obama's own 2013 budget shows that as a result federal debt held by the public will double during Obama's four years as President. That means in just one term President Obama will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined.

But this 2012 election is defined for the voters by the future, not the past. And that future is fully revealed by the stark contrast between President Obama's spending, deficits and debt projected under his proposed 2013 budget, and the projections under House Budget Committee Chairman Paul Ryan's budget, adopted by the Republican House, and endorsed by presumptive Republican Presidential nominee Mitt Romney.

Obama's 2013 budget proposes to spend $47 trillion over the next 10 years, the most in world history by far, increasing federal spending by $1.5 trillion above the current CBO baseline. Ryan's budget proposes to cut that by $6.8 trillion. By 2022, Ryan's budget would be spending nearly a trillion dollars less per year than President Obama's budget.

(Excerpt) Read more at forbes.com ...

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