Government deficits at a glance

January 3, 2013

By Tom Quiner

GOVTSPENDINGANDDEFICITS

One chart makes government deficits very clear:

1. The two wars launched in the early 2000s did not cause the deficits.

2. Deficits exploded when Democrats controlled the presidency and both branches of Congress beginning in 2009.

3. Under President Obama’s budget, the CBO projects massive deficits far into the future.

President Obama’s legacy will be one of managing America’s decline.

 

Posted in fiscal responsibility, Politics

1 Comments

  1. Blog Raju on January 3, 2013 at 8:32 pm

    Democrats like spending money, and the Republicans are too stupid to realize that the House of Representatives can refuse to authorize money.