That article is at best a half truth...
http://news.investors.com/ibd-editor...pendthrift.htm
http://www.washingtonpost.com/blogs/...html#pagebreak
Basically...
This guy talks about a percentage increase instead of an actual dollar increase. If spending goes from $100 to $110, then it has increased 10%. If spending goes from $1,000 to $1,090 then it has increased only 9%. Now how do you spin these numbers? Well, you could say that under the first scenario, spending increased by 10% whereas under the second scenario it only increased by 9%. However, in terms of dollars spent, nine times as many dollars were spent under scenario two than were spent under scenario one. You can talk about percentages all day long but Obama has spent more money than Bush Jr. in less than half the time. Period.
That doesn't absolve Bush as our giant mess can essentially be laid square on the shoulders of him and Greenspan but this Obama is a small spender **** is totally bull.
When Bush took office, the debt was around $5.6 trillion; when he left, it was around $10 trillion which represents a 78.5% increase. When Obama took office, the debt was around $10 trillion and now it is about $16 trillion, which represents a 60% increase. In dollar terms, Obama added $1.5 trillion more than Bush in less than half the time. So forget the percentages, the question is would you rather have $4.5 trillion added to the debt or $6 trillion? The Republicans tried to spin this when Bush was president. Dick Morris (an accurate first name by the way) used to say that Bush's spending increases were a smaller percentage of GDP than in previous years. Well, if the GDP is $10 trillion, then a 3% spending increase would be $300 billion in spending. If the GDP is $15 trillion, you may only increase spending by 2.75% which would be $375 billion so although you spend less as a percentage of GDP, you spend more money in dollar terms that we don't have which results in us having to borrow, tax or print $375 billion and causes the price of good and services in America to go up; hence, we all get poorer.
This is all you have to see to know this article is and was a load of lies.
2008: $2.98 trillion
2009: $3.27 trillion
2010: $3.46 trillion
2011: $3.60 trillion
2012: $3.65 trillion
2013: $3.72 trillion
There's no decrease there...