RealClearPolitics - The Consequences of Big Government
Once one has slipped the surley bonds of even having any thought of veracity, a whole new level of chicanery is almost assured. BO talked about how bad the "Bush deficits" were -- even though the worst of them happened with Democrats firmly in control of both houses of congress. Now the BO deficits are so much worse that it is frightening to compare.
For the past half-century, federal spending has averaged about 20 percent of GDP, federal taxes about 18 percent of GDP, and the budget deficit 2 percent of GDP. The CBO's projection for 2020 -- which assumes the economy has returned to "full employment" -- puts spending at 26 percent of GDP, taxes at a bit less than 19 percent of GDP, and a deficit above 7 percent of GDP. Future spending and deficit figures continue to grow.When dealing with Democrats, the "belief factor" is always interesting. Bush Sr said "no new taxes" and broke his promise so I voted for that crazy Perot and got Slick Willie. The odd thing with Democrats is that even their consituency assumes that they are lying -- BO says he is not in favor of Gay marriage, yet most of his constituents say "he really is, he is just saying that he isn't to get elected". He now claims to NOT be in favor of single payer, but he said he was in the past, and his supporters say he is -- he is just acting like he isn't to fool the conservative rubes into supporting BOcare which will lead to single payer.
Once one has slipped the surley bonds of even having any thought of veracity, a whole new level of chicanery is almost assured. BO talked about how bad the "Bush deficits" were -- even though the worst of them happened with Democrats firmly in control of both houses of congress. Now the BO deficits are so much worse that it is frightening to compare.
