25 October 2013

The State of the Union: More In Than Out... (Pic)





'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:

  1. Well your pretty good at math, you need a cabinet job..... ;-)
    Posted....

    ReplyDelete