Obama Channels Eisenhower With Anemic Government Spending Growth - BloombergFederal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. That’s down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package. “If you strip out the stimulus, discretionary spending over the last few years has been quite modest and is scheduled to go to levels we haven’t experienced in modern times,” Robert Reischauer, a former director of the CBO,
“If you strip out the stimulus, discretionary spending over the last few years has been quite modest and is scheduled to go to levels we haven’t experienced in modern times,” Robert Reischauer, a former director of the CBO, said in an interview. “Obama signed on to that,” partly in response to Republican pressure.
Even if the U.S. succeeds in bringing down its deficit to manageable levels in the next few years, it still faces structural spending pressures in the long-run stemming from the aging of the society, according to both Hatzius and Darda.
“The U.S. has a large long-term budget imbalance,” Hatzius said.....snip~
Then there is that 5.5 trillion in Foreign Debt that's gone up Under Team Obama.....
$5.5T: U.S. Foreign Debt Up 78% Under Obama.
At the end of January 2009, when President Barack Obama was inaugurated, the U.S. government owed $3,071,700,000,000 to foreign interests. Since then the U.S. government’s debt to foreign interests has increased by $2,410,500,000,000—or 78 percent. - See more at: $5.5T: U.S. Foreign Debt Up 78% Under Obama | CNS News .....snip~
Looks Like the CBO and those former CBO members have called it correctly. Obama's 10year outlay doesn't balance. Which partly comes from the CBO who keeps finding hidden costs in Obama's Policies.
I think I see why you guys are so mad....Obama is winning and so are the American people who overwhelmingly support his ideas and principles.
So what do you have to say about Obama supplying those who he put on the Terrorist list.....Did you want to make an excuse for upping 60 Million to those Syrian Rebels when 29 Opposition groups are outright pledging themselves to the same very group Obama calls Radical, especially since he is running around the Country Crying Wolf with Doom and Gloom?
Hillary gave them 385 million and we are not even officially involved, and you don't think the Saudis and the Qataris are giving them enough as well as Arming them? Spending has to stop somewhere and Syria is not a threat to US National Security. So there is no excuse for Obama using any EP with this endeavor. Like he did with Libya. We need not interfere in this Civil War at all. Moreover let the Sunni stand on their own and make the play without needing everyone else to come and help them fight their battles.
Faith in America? I don't have faith in Americans any longer. The U.S. is in a downward spiral. I certainly wouldn't invest in it if they sold stock in it. If you've ever read the history of the declining days of the Roman Empire, then you too should see the parallels to what we Americans tend to believe and do at present.
Once again, this just goes to show that the elites do not care about the people of the US, but rather furthering their own interests at home and abroad.
"And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."