Posted on 11/14/2013 4:24:37 AM PST by Cincinatus' Wife
The Tea Party/Republican House majority was elected in 2010 to stop the runaway Obama Progressive Democrat big government spending spree........
Federal spending soared from $2.655 trillion in 2006,when the Democrat Congress was elected to replace the Republican Congress, to $3.6 trillion in fiscal 2011, reflecting the last spending legislation adopted by that completely Democrat Congress in the prior year, an increase of 36% in just four years of control.
But after the new Tea Party/Republican House majority forced a major budget showdown in 2011,total, actual, nominal federal spending actually declined in fiscal 2012 to $3.54 trillion. Such an absolute decline rarely ever happens with federal spending. But for the next 2013 fiscal year, which just ended September 30,it happened again, declining to $3.45 trillion...........due to the budget caps and sequester adopted in the 2011 budget deal with the House Tea Party/Republicans.
Similar progress has been made against the deficit. The deficit for the last budget adopted by the full Republican Congress was $160 billion in fiscal year 2007. But the Democrat Congress had raised that to $1.413 trillion by 2009, almost nine times as much, the greatest government deficit in world history,ever. In just five years as President, Obama has borrowed roughly $5.7 trillion, which is larger than the entire gross federal debt in the year 2000, more than debt accumulated under all other American Presidents,from George Washington up until George Bush. Since the Democrat Congress was elected in the fall of 2006, the national debt has doubled.
But the deficit for 2013 is down to $680 billion, less than half of its peak under the full Democrat Congress repudiated in 2010. That is still the biggest deficit in world history,.except for under President Obama.
That deficit would have been virtually eliminated by now if economic growth had been restored to where it........
(Excerpt) Read more at spectator.org ...
The Obama legacy: people in line at the grocery store paying with EBT cards, while holding iPhones.
And Obamabots give HIM CREDIT for that.
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