It’s official. President Barack Obama is the biggest spender in the history of the world. And that is not hyperbole. Like a shopaholic who denies the addiction, Obama has consistently been in denial about his reckless spending addiction. Despite President Barack Obama’s denials, though, an analysis by Forbes shows there has not been a greater spender than Obama.
According to Forbes, “Obama’s
own fiscal 2013 budget ... shows federal spending increasing from $2.983
trillion in 2008 to an all time record $3.796 trillion in 2012, an
increase of 27.3%” and, “before Obama there had never been a deficit anywhere near $1 trillion.”
In addition, Obama had four consecutive budget deficits of over a trillion dollars and, in just one term, will “will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined.”
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5 comments:
Its a shame that he had the chance with both houses of Congress behind him to be the first President to actually pass a balanced budget amendment...but instead this is what he will be remembered for in history. So many had high hopes that he would do better. Oh, well...
The strange thing is that so many people are still supporting him.
It's Bushes fault.
it took Bush 8 years to get us into the economic mess we're in...now pay attention slow ppl...it's gonna take $ and more than 3 1/2 years to get out of it.
The Obamas have personally spent our money to travel all over the world (including daughters trip to Mexico on spring break) We have been taken.
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