<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/plusone.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d9619367\x26blogName\x3dTalkingDonkeys\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dBLACK\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttp://talkingdonkeys.blogspot.com/search\x26blogLocale\x3den_US\x26v\x3d2\x26homepageUrl\x3dhttp://talkingdonkeys.blogspot.com/\x26vt\x3d3978450256514867916', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe" }); } }); </script>

Bush: Biggest Spending President in 30 Years

Kos points this out... A new policy analysis from the Cato Institute on Bush and balooning deficits and out of control spending... Kos adds:

"Further adding to the realization that there's nothing remotely conservative about this administration. ..CATO is a libertarian anti-government think tank, so as far as they are concerned, just about all government spending is bad. But in truth, much of Bush's spending is not necessarily a bad thing. The problem is in the GOP's inability to PAY for this spending.

Here is an excerpt from the Cato guys:

"President Bush has presided over the largest overall increase in inflation-adjusted federal spending since Lyndon B. Johnson. Even after excluding spending on defense and homeland security, Bush is still the biggest-spending president in 30 years. His 2006 budget doesn't cut enough spending to change his place in history, either.

Total government spending grew by 33 percent during Bush's first term. The federal budget as a share of the economy grew from 18.5 percent of GDP on Clinton's last day in office to 20.3 percent by the end of Bush's first term.

The Republican Congress has enthusiastically assisted the budget bloat. Inflation-adjusted spending on the combined budgets of the 101 largest programs they vowed to eliminate in 1995 has grown by 27 percent [...]

The GOP establishment in Washington today has become a defender of big government."
« Home | Next »
| Next »
| Next »
| Next »
| Next »
| Next »
| Next »
| Next »
| Next »
| Next »

5/05/2005 11:24:00 AM

Wowza.    



5/06/2005 07:20:00 AM

This is what comes of not preaching sermons out of Proverbs, I suppose. How is it that fiscal irresponsibility is classified as moral virtue?

I'm starting a contest for commercial ideas on this topic (and other progressive topics, if there's interest). Come and visit, if you like.    



» Post a Comment Permalink