The Homa Files

Chart from the WSJ highlights the extent of the recent spending binge.

Bush pushed spending from 18% of GDP to 20% … ouch.

Obama has pushed it over 25% … OUCH!

His constituencies think it’s a great idea.

Taxpayers? Not quite so sure.

Rating agencies? Warning of downgrades.

Didn’t those jabrones see this coming?  Geez.

Source

>> Latest Posts

This entry was posted on July 22, 2011 at 6:44 am and is filed under Debt - Deficit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.