Obama and his new budget: Debt will surpass total US Economy

[saden1]

Originally Posted by CRedskinsRule

The chart I posted had the recessions and the deficits graphed against each other. I liked that reflection that the Government rarely has spent us out of a recession, which seems to be President Obama's basic premise on many of his speeches (I am sure many Republicans have said similar things since 2000).

The question I asked was simply a sarcasm aimed towards the trillions of dollars we have spent that were supposed bring us out of recession, along with a heavy dose of my cynicism towards big government.


Your chart tells a very different, and more bleak, picture, IF De Tocqueville is to be believed.

by your chart, up until the 1940's the Federal debt as a pct of GDP was normally well under 50%. Since the mid 40's our debt even at it's lowest points were higher,or close to, then the highest debt the period from 1800 to 1930. And as we add a trillion plus per year, it would look to be that we are going to hover well over 100% of GDP for the next several years.

What do you think earmarks are, other than "bribing the public with public money"?

It doesn't even do that though. If you zoom in you will see a different picture for all the other recessions. Plus your the money in your chart has no relative value.

Additionally you might want to look at the last budget proposal by Bush which was the first trillion dollar budget deficit (1.3 trillion to be exact) that everyone neglects in their equation. The truth is that man hid all the cost and left it to next guy to come along. Now I will give you Obama is not helping himself getting out of this mess.

This is the real picture of the deficit in the last 7 years which is the biggest contributor to debt: