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Old 08-20-2009, 02:43 PM   #14
jsarno
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Join Date: Mar 2004
Location: 31 Spooner St.
Age: 51
Posts: 9,534
Re: This Is One Scary Clock

I find this interesting:
Quote:
President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
President Bush began a string of expensive finan*cial bailouts. President Obama is accelerating that course.
President Bush created a Medicare drug entitle*ment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new govern*ment health care fund.
President Bush increased federal education spending 58 percent faster than inflation. Presi*dent Obama would double it.
President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already in*creased this spending by 20 percent.
President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.

President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
So to simplify...Bush bad. Obama, FAR WORSE.
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