richardhutnik on 03 July 2012
| BenVTrigger said: I mean fact in its simplest terms Bong Lover. Any way you look at it Obama has already spent more than any president in US history bar none. The federal govt expenditure under his administration has averaged 3.5 trillion a year in comparison to "big bad evil bushs" 2.5 trillion. And by no means am i a Bush lover but people who attack Bush and defend Obama are flat out hilarious |
It isn't the raw size of the amount of money spent that is the issue. The federal budget can grow much larger in raw dollars, but be a smaller percentage of the economy. The big issue has to do with the size of the deficit, and the interest payments as a percentage of the economy.
As the economy grows, the federal government would expect to have more money. Economies naturally grow, if things go right, and tax revenues go up, and it is best they get spent on something to make the country raising the taxes better.
