Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at thinking, intelligent individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

17 January 2015

Summarizing a Few Spending and Deficit Comparisons for Obama to Bush

The Tuesday, 20 January 2015 issue of Investor's Business Daily offered a few comparisons of George W. Bush's budgets compared to those of Obama in its Issues and Insights Section.  These observations are timely given that Obama's budget for 2016 would increase spending by $68 billion.  Every single year Obama's budget request exceeded that which was approved by Congress, while all but one year under Bush, Congress insisted on spending more than he requested.  Every one of Obama's budgets called for a higher deficit than wound up being approved by Congress.  This spendthrift Democrat Socialist posed as a much more fiscally responsible man than Bush in his first presidential campaign, consistent with his unsurpassed proclivity for the Big Lie.

If Obama's budgets had been approved by Congress, the USA would have a gross national debt $1.8 trillion greater than it is now.  If Congress had only spent as much as Bush requested, the increase in the national debt under Bush would have been $800 billion less.

Under Obama, the gross national debt has grown by $7.5 trillion already and it has nearly two years more to go up, compared to its growth under Bush of $4.9 trillion.  So if Obama had had his way, the national debt would have been $9.3 trillion greater in 6 years, while if Bush had had his way, it would have gone up $4.1 trillion on his 8-year watch.

Yes, the spending, the deficits, and the debt were all handled poorly in Bush's budgets, but they were handled even more recklessly under Obama's budgets.




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