'I liked math, but then it started to get harder.'
- President Barack Obama, 25 October 2013
No shit, Sherlock.
How long can a country survive when there are more in the cart than pulling it?
If you guys don't mind, I am just going to continue standing on the side of the road watching the biggest clusterfuck in world history.
As a country, the United States has gone from shirtless to shirttails to shirtless - again - in 237 years!
For the record...
With the exception of the
WWII years and prior to Barack Obama, the United States had never spent
more than 23.5% of GDP. This is Obama's spending record:
– 25.17% of GDP in 2009
– 23.84% of GDP in 2010
– 23.9% of GDP in 2011
– 23.09% of GDP in 2012
- 22.74% of GDP in 2013
According to his own budget, spending will never drop below 22.3% of
GDP. Assuming that projection is correct, President Obama's spending
would average 23.6% of GDP, which would be higher than any single
non-war year.
By comparison and before the screams begin:
– 17.98% of GDP in 2000
– 18.11% of GDP in 2001
– 18.9% of GDP in 2002
– 19.38% of GDP in 2003
– 19.34% of GDP in 2004
– 19.58% of GDP in 2005
– 19.85% of GDP in 2006
– 19.45% of GDP in 2007
– 20.87% of GDP in 2008
Federal spending has soared:
FY2000: $1.789 trillion.
FY2001: $1.8629 trillion
FY2002: $2.0109 trillion
FY2003: $2.1599 trillion
FY2004: $2.2928 trillion
FY2005: $2.472 trillion
FY2006: $2.6551 trillion
FY2007: $2.7287 trillion
FY2008: $2.9825 trillion
FY2009: $3.5177 trillion
FY2010: $3.4571 trillion
FY2011: $3.6031 trillion
FY2012: $3.5371 trillion
FY2013: $3.685 trillion
FY2014: $3.7 trillion (est)
Over the last two decades, federal outlays have grown 71% faster than inflation.
And, Barack Obama has added $6,450,852,260,368.48 to the national debt since he became POTUS.
Fund Your Utopia Without Me.™
1 comment:
Well your pretty good at math, you need a cabinet job..... ;-)
Posted....
Post a Comment