Monday, July 18, 2011

Bush was a Bigger Spender and Borrower than Obama

Republicans hate facts. That's why they ignore things like this.

Federal spending ('outlays' in budget jargon) is expected to equal 24.1 percent of the nation's gross domestic product in the current fiscal year, which ends Sept. 30. The figure was 25 percent in fiscal year 2009, highest since 1945.
The U.S. is borrowing about 36 cents of every dollar spent so far this year. It borrowed 37 cents on the dollar last year, and 40 cents in fiscal 2009.

Fiscal 2009, in case you're factually challenged, was George W. Bush's budget.

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