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It would be nice to have a chart like this that is extended to show the projected rate under Obama. The liberal meme that "Reagan almost bankrupt the nation" is a joke, once the facts become apparent. It would be nice to have a chart like this that is extended to show the projected rate under Obama. The liberal meme that "Reagan almost bankrupt the nation" is a joke, once the facts become apparent.See my chart in #20. I looked but cannot find a similar chart that has %age of GDP deficit, but it sure can be constructed from the CBO budget estimations.
It would also be good to have the chart show spending and taxes both... a chart like this that extends into Obama years ...
http://www.heritage.org/research/features/BudgetChartBook/fed-rev-spend-2008-boc-C1-Federal-Spending-Is-Growing.html
More on Obama’s budget from Heritage:
http://www.heritage.org/Research/Budget/bg2249.cfm
Link to the chart from #20:
http://blog.heritage.org/wp-content/uploads/2009/03/wapoobamabudget1.jpg
