Home > Political > Ho-Leee Cow! The spending, it burns!

Ho-Leee Cow! The spending, it burns!

Otherwise known as “Obama’s Hockey Stick”. Wonder what the consensus is on this. Although I’m pretty sure I know the answer.

Brought to my attention by Twitter:
http://twitter.com/RandallHoven/statuses/115855252963598337

American Thinker: Graph for the Day for August 12, 2011

(from the link)
Federal spending (billions of 2005 inflation-adjusted dollars) in 2007:

Energy: $3.4 B
Education: $54.7 B
International affairs: $32.8 B
Income security (non-housing): $15.9 B
General government: $14.8 B
All non-defense discretionary: $458.4 B

Federal spending (billions of 2005 inflation-adjusted dollars) in 2011:
Energy: $20.0 B (488% increase over 2007)
Education: $86.0 B (57%)
International affairs: $51.3 B (56%)
Income security (non-housing): $22.2 B (40%)
General government: $19.8 B (34%)
All non-defense discretionary: $568.7 B (24%)

Source: White House Office of Management and Budget (Table 8.8).

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Categories: Political
  1. September 19, 2011 at 2:30 pm

    Now I see their point, it’s just not feasible to go back to the austere days when the GOP was kicked out for overspending.

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