Wednesday, August 25, 2010

putting some numbers on the colossal-spending Dems (who followed the big-spending Reps)

From the editorialists of the WSJ...

To appreciate the magnitude of this spending blowout, compare CBO's budget "baseline" estimate in January 2008 with the baseline it released Thursday. The baseline predicts future spending based on the law at the time. As the nearby chart shows, in a mere 31 months Congress has added more than $4.4 trillion to the 10-year spending baseline. The 2008 and 2009 numbers are actual spending, the others are estimates. As recently as 2005, total federal spending was only $2.47 trillion.

[1spending]

Keep that $4.4 trillion in mind the next time you hear Mr. Obama or Speaker Nancy Pelosi say they "inherited" this budget mess....

1 Comments:

At August 26, 2010 at 8:22 PM , Blogger Janet P said...

...frightening

 

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