The Heritage Foundation - Leadership for America

May 12, 2009 MAS1916, Denver, CO writes:

Amazing that this chart begings its historical look with Jimmy Carter. Carter drove the economy to a disastrous train wreck in the late seventies. Obama seems intent on re-creating the crash.

Running up a massive deficit means that it has to be funded. Obama’s choices on how to do this are limited - he can borrow or he can expand the money supply. It appears very likely that He will expand the money supply and light the fuse of inflation in the very near future. This will be the middle classes’ HUGE tax increase. What Obama wouldn’t tax for, he will extract by cheapening the dollars each citizen earns and holds in savings.

If one looks at the Carter deficit and historical interest rates from that era, the only conclusion is that Obama could well be driving the economy over a cliff.

Jimmy Carter’s biggest contribution to America is that he proved the utter failure of liberal economic policies. The Obama generation of course never learned this and will have to learn the hard way. At least Carter started the Reagan Revolution.

For a look at other similarities between Obama and Jimmy Carter, you can hit:
http://firstconservative.com/blog/political-humor/political-humor-jimmy-carters-disastrous-legacy

May 13, 2009 OBAMA’S BUDGET 101 « FactReal writes:

[...] Obama’s unprecedented deficit [...]

May 13, 2009 Josue, from Los Angeles, CA writes:

Hello, I would like to know of what you think about this tax code. In which we tax every person eligible to vote inside the U.S.A. ten dollars a month. for CA we will raise $170 million if we go by the 2008 pres. elections in one month, in one year CA will raise $2 trillion. If we tax every citizen eligible to vote another ten dollars for the federal government, maybe by-monthly to ease the amount to pay at once, U.S.A. will raise $1.7 trillion in a month and $20 trillion inside one year. I like it because it is simple, based on the tenth yet still under the majorities official tenth, And effective.

May 13, 2009 Obama Spending Trends Charted » The Foundry : PlanetTalk.net - Learn the truth , no more lies writes:

[...] Original post:  Obama Spending Trends Charted » The Foundry [...]

May 13, 2009 Spending Trends Charted « RockStar PeterSon writes:

[...] In the Book of Charts, taxpayers will find clear answers to those questions about the new administration, along with other tax and budget trends important to them. For one: Tax rates will have to be doubled if Congress doesn’t reform Social Security, Medicare and Medicaid. Continue reading… [...]

May 13, 2009 Compare and Contrast « The United States of Jamerica writes:

[...] tags: president bush, president obama, deficit spending, fiscal responsibility by Jamelle This, via the Heritage Foundation’s “Foundry” blog, is the most obtuse graph I’ve seen in a long [...]

May 13, 2009 Michael Edmond, Oklahoma writes:

Just checking the math in the post by Josue from LA. It is off slightly in that his $20 trillion figure should be $20 billion..not quite enough to run the gummint, even under a sane Congress and Prez. Our total GDP in one year is only $15-17 trillion (at least it used to be).

May 13, 2009 jr., Michigan writes:

obama leads in spending. this should surprise noone…except for the drones.of course, the drones (or sheeple)don’t care.this is history, after all. yeah, right, whatever. can this moron be impeached now…PLEASE???? america REALLY needs change now, how about back to conservative values? i know i’m not the only person who believes this presidency is a sad, horrible experiment gone wrong. god help us. we as a nation are doomed.

May 13, 2009 ExtremeCentrist writes:

This is disinformation. The chart should be organized into Democrat Congresses and Republican Congresses.

May 13, 2009 Barb -mn writes:

Wow Mr. President, yours is the biggest of all.
What does this say about the people you lead????

If the individuals of this country were as strong as the majority once was, living of, for and by the principles of the American Constitution, things would be equal amongst the citizens and nobody would be paying income tax or everybody would. We’d need 75% less government. People would do for themselves less your handouts. All working citizens would have freedom to spend their money earned, less your frivolous, bias spending.

The constitution is a timeless document. Scriptured for all American citizens. Nationality or country of origin is irrelevant.

May 19, 2009 Obama’s Cars - adamsweb’s blog - RedState writes:

[...] Obama budget deficit in perspective.  (Hat Tip: [...]

June 20, 2009 Great Words by a great Leader-Reagan - Page 5 - Political Forum writes:

[...] Obama Spending Trends Charted Posted May 12th, 2009 at 6.33pm in Entitlements. So, would President Obama?s budget plan really increase deficit spending much more than other modern presidents? Well, yeah, to the tune of seven times more, measured as a percentage of economic output, than under President Kennedy over 45 years ago ? as you can see in this chart. http://blog.heritage.org/2009/05/12/…rends-charted/ [...]

July 14, 2009 Big Hollywood » Blog Archive » Health Care ‘Change’ You Shouldn’t Believe In writes:

[...] When the government health care plans we already have are set to run out of money in a few years, there is no reason to assume this one would be any more efficient. Especially considering what a spendthrift Obama has been already. [...]

September 7, 2009 Obama in Cincinnati - Handicapping Contests For Horse Bettors writes:

[...] a bystander……… lmao Angelo Mozilo - 25 People to Blame for the Financial Crisis - TIME Obama Spending Trends Charted ? The Foundry CNSNews.com - Obama’s Spending Plans Will Nearly Double the National Debt–White House Leaked [...]