Campbell: The Obama Budget is Drunk on Spending & Deficits
Wednesday, 25 March 2009 08:53
“This is the Obama Budget…you can see through the ‘makeup’ and it spends too much….This budget is so severe and so extreme that it goes way beyond anything anyone else has considered….”
“The first year the spending is over 25% of Gross Domestic Product. That means 1 out of every 4 dollars spent in the whole country is spent by the federal government, not to mention states. Now that’s more as a percentage of the total economic output than in the Vietnam War, more than during the Korean War, more than during the Reagan years fighting the Cold War. In fact its more than anytime since World War II….”
