[quote=SD Realtor]CAR I would suggest you follow this link.
In fact there is a very nice breakdown for each and every year of where the money is spent. Lots of money spent on defense. Oh lots of money spent on pensions CAR… imagine that! Lots of money spent on healthcare! Lets just talk about how much money Wall St has made the past 4 years CAR. Seems like the fat cats have done pretty damn well under the Obama administration.
Contrary to your rose colored belief, every president in power has contributed to our federal debt so please come off your high horse. Don’t try to absolve either party with your pathetic remind us who started it remark.
The fact of the matter is that in the past 4 years we have exceeded the accumulated levels for all of the prior administrations. By the end of this administration estimates are for a 20 trillion accumulated debt level.[/quote]
Of course the debt over the past 4 years has grown at such a rapid clip. We’ve been fighting the deflationary collapse of our entire economic system (though I don’t agree entirely with doing that, as you probably know). I don’t see that as “Obama’s fault,” as much as it’s the fault of those who put him (and any other high-level politician) in office.
Not sure why the differences are so large, but this site shows very different numbers. Here, pensions comprise ~7% of the federal budget, and that includes benefits/retirement for veterans.
…desire to deregulate the financial industry and create financial “innovations.” (And yes, many Dems were complicit as well, including Clinton.)
Believe me, I’m not a big fan of Obama, was 1000% percent against all of the bailouts and the takeover of the GSE’s, and think he’s basically more of the same after G.W. Bush, but he’s infinitely better than Romney whose policies would greatly accelerate the growing divide between the workers (the 99%) and the capitalists. That is what I’m fighting against.
