so the questions are When you find yourself in a hole, stop digging? True or false Is Spending our way out of a deficit the Same as digging your way out of a hole? and IS Obama’s Trillion Dollar Debt Plan Is Not A ‘change’ from Bush on steroids goal just Bushonomics? i would think the best way to get out of a hole to fill Is it back in. Fill in a bit step up, scrape the edges some more fill in and step up more till you reach the top. Or Should We dig till we reach china? Defending Obama Said In His plan, Obama Told Democrats: “[We] are not going to get relief by turning back to the Same Policies That for the last eight years Doubled the national debt and our economy Threw Into a tailspin…. I found this national debt, Doubled, wrapped in a big bow waiting for me as I stepped Into the Oval Office…. What do you think a stimulus is? It? s Spending? that’s The Whole Point! Seriously. “Seriously, Where Obama HAS-been the last eight years? What to does he think got us Into This Mess? Where Does he think Those deficits cam from? Here are the facts. Before President Bush Took Office, the federal government Took in $ 2 trillion in revenue in 2000. In 2009, the federal government to take IS Expected in $ 2. 4 trillion. After eight years Under President Bush, the federal government $ 400 IS Taking in one billion more a year in revenue. So Why Did Congressional Budget Office project a $ 1. 4 trillion deficit for the 2009 budget? Massive Spending Increase. As McClatchy reports “George W. Bush, despite all recent bravado about Being historical year apostle of small government and budget-slashing, Is The Biggest Spending Since President Lyndon B. Johnson. In Fact, He’s arguably bigger spender year Even Than LBJ.” McClatchy goes on to detail Bush’s Spending binge Including year 18% increase in Education Spending, Spending a Doubling of agriculture, the 2003 Medicare expansion Which Was The “biggest single expansion in the Programs history”, and the $ 295 one billion infrastructure bill in 2005. So to recap, in 2000 the federal government just $ 1 Spent. 8 trillion. Now the CBO Estimates That the feds That Will Spend Almost double, $ 3. 5 trillion, in 2009 (and That Does not include Obama’s Trillion Dollar Debt Plan). Combining the $ 400 INcreased one billion in revenue with the $ 1. 7 trillion Increase in Spending, That we see the mountains of debt whining about Obama IS inheriting all cam from massive Increase in Federal Spending. It Was Spending and borrowing that got us Into this mess. Obama’s Trillion Dollar Debt Plan Is Not A ‘change’ from Bush, It Is Bushonomics on steroids.
