The burden of federal spending in the United States was down to 18.2 percent of gross domestic product when Bill Clinton left office.
But this progress didn’t last long. Thanks to George Bush’s reckless spending policies, the federal budget grew about twice as fast as the economy, jumping by nearly 90 percent in just eight years This pushed federal spending up to about 25 percent of GDP.
President Obama promised hope and change, but he has kept spending at this high level rather than undoing the mistakes of his predecessor.
This new video from the Center for Freedom and Prosperity Foundation uses examples of waste, fraud, and abuse to highlight President Obama’s failed fiscal policy.
Good stuff, though the video actually understates the indictment against Obama. There is no mention, for instance, about all the new spending for Obamacare that will begin to take effect over the next few years.
But not everything can be covered in a 5-minute video. And I suspect the video is more effective because it closes instead with some discussion of the corrupt insider dealing of Obama’s so-called green energy programs.
[…] since the economy also is saddled with lots of wasteful spending by Bush, Obama, […]
[…] since the economy also is saddled with lots of wasteful spending by Bush, Obama, […]
[…] since the economy also is saddled with lots of wasteful spending by Bush, Obama, […]
[…] since the economy also is saddled with lots of wasteful spending by Bush, Obama, and […]
[…] If you live in America and believe in free markets and small government, it’s easy to get depressed. We suffered through eight years of wasteful spending and misguided intervention under Bush, and now we’re enduring four years of additional spending and red tape under Obama. […]
[…] New Video Is a Strong Indictment of Obama’s Dismal Record on Spending […]
[…] If you live in America and believe in free markets and small government, it’s easy to get depressed. We suffered through eight years of wasteful spending and misguided intervention under Bush, and now we’re enduring four years of additional spending and red tape under Obama. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] A look at the President’s failure to control government spending. […]
[…] By the way, for those who like gory details, a previous video in the CF&P Foundation’s Economics 101 series looked at how the so-called stimulus was a rat’s nest of waste and corruption. […]
[…] By the way, for those who like gory details, a previous video in the CF&P Foundation’s Economics 101 series looked at how the so-called stimulus was a rat’s nest of waste and corruption. […]
[…] to say, I didn’t have much hope for Obama, who has spent the past four years recycling Bush’s […]
[…] If you live in America and believe in free markets and small government, it’s easy to get depressed. We suffered through eight years of wasteful spending and misguided intervention under Bush, and now we’re enduring four years of additional spending and red tape under Obama. […]
How can even liberals defend this record?
[…] New Video Is a Strong Indictment of Obama’s Dismal Record on Spending […]
[…] I always enjoy reading Dan Mitchell’s blog. He isn’t afraid to take on both sides when it comes to […]
Ok, I speak NY English, but even I had a problem with this, she need to slow down. A lot of good stuff here
The video is not playing—get error message that it is not the correct address.
It seems inconceivable to me that a nation of 300 million cannot, and do not replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.
If the tax code is unfair, it’s because they want it unfair.
If the budget is in the red, it’s because they want it in the red.
If the Army & Marines are in Iraq and Afghanistan it’s because they want them in Iraq and Afghanistan .
If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way.
There are no unsolvable government problems.
Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.
Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do!
Reblogged this on This Got My Attention.