Aggregator • Hyscience • ID=78644
In response to White House Press Secretary Jay Carney's urging of reporters on Wednesday to, "not buy into the BS that you hear about spending and fiscal constraint with regard to this administration. I think doing so is a sign of sloth and laziness," Philip Klein decided to make the following chart documenting all the progress that's been made toward getting public debt under control during the Obama era of fiscal restraint, based on CBO historical data and the White House's own estimates of President Obama's budget through 2022.
That's the Obama administration's version of fiscal Restraint? Little wonder our national debt has grown beyond what we or even future generations will ever be capable of paying back and our economy has remained so stagnant. It proves that the Obama administration has no real understanding of not only economics, but is also oblivious to the fact that if we don't stop spending ... we could soon be the next Greece.