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News for Norther Colorado and the world

Friday, December 9, 2016

Posts Tagged ‘government spending’

Is President Obama a big spender?

Is President Obama a big spender?

The answer is a big yes and no. As Mark Twain said, “Figures don’t lie, but liars figure.” It is not exactly a case of “lying,” but rather a case of putting a spin on what the numbers mean. The two articles from Forbes Magazine presented below are excellent examples.     In “ Who Is The Smallest Government Spender Since Eisenhower?”  a May, 2012 article, Rick Ungar makes the case that it is Barack Obama. He includes a graph that shows the annualized growth in federal ... Full Story

How Politics Damaged Obama’s Recovery (CHART)

How Politics Damaged Obama’s Recovery (CHART)

          By Brian Beutler Last week we brought you this chart, demonstrating that the unemployment rate under President Obama is coming down fairly quickly — though not as quickly as it did under President Reagan in the months before he won a landslide re-election in 1984. Here’s a major reason why. Data from the Bureau of Economic Analysis illustrates a key difference between Reagan’s first term and Obama’s: the pliancy of the Congresses they had to work ... Full Story

A lull in the debt crisis

A lull in the debt crisis

  Hear that rattling sound? It’s the can being kicked down the road. Congress and the Administration passed the “Budget Control Act of 2011” to avert the immediate debt crisis. The problem is, 70% of the spending reductions in the bill are not scheduled to occur until 2017 to 2021. Will Congressional Representatives, at that time, honor those reductions, or will they override them? Regardless, the reduction in spending will be swallowed-up many times over by Government budgeting ... Full Story

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