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From: Cade Larson 
Newsgroups: az.politics,rec.collecting.coins,dfw.politics,wi.general,oh.general
Subject: Re: Stop Obama
Date: Tue, 06 Nov 2012 15:52:37 -0700
Organization: A noiseless patient Spider
Lines: 71
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References:  
 
 



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On 11/6/2012 3:26 PM, Frank Provasek wrote:
> On Nov 6, 10:19 am, Cade Larson  wrote:
>> On 11/6/2012 7:33 AM, Frank Provasek wrote:
>>
>>
>>
>>
>>
>>
>>
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>>> On Nov 5, 3:00 pm, Cade Larson    wrote:
>>
>>>> In January 2009, the month President Obama entered the Oval Office and
>>>> shortly before he signed his stimulus spending bill, median household
>>>> income was $54,983. By June 2012, it had tumbled to $50,964, adjusted
>>>> for inflation. (See the chart nearby.) That's $4,019 in lost real
>>>> income, a little less than a month's income every year.
>>
>>> The September 2008 collapse caused about $4 trillion in wealth to
>>> disappear just in the United States.  That's some
>>> $13,000 for every man, woman and child.  To think that would not
>>> affect household incomes adversely for many years is foolish.
>>> If anything, the stimulus was not big enough to keep the economy only
>>> in mild recession.
>>
>> The "stimulus" FAILED, less than 4% went to shovel-ready projects, LESS
>> THAN FOUR PERCENT!!!!!
>>
>> Now we have an open-ended 40 BILLION$$ a month from the Fed to infinity
>> and beyond!!!
>>
>> IT FAILED!!!
>>
>> You taxaholic Dems are spending us into a full on national BANKRUPTCY!
>
> Taxaholic?
>

Why yes, that's how we got to an additional 6 TRILLION$$$ of debt under 
Obama!

http://online.wsj.com/

Whether or not Americans choose to believe him, there's no denying the 
fiscal reality created by the rollout version of President Obama last 
year, as detailed in the Congressional Budget Office report released 
yesterday. For the second year in a row, fiscal 2010 will see a 
trillion-dollar deficit—an estimated $1.35 trillion, or 9.2% of GDP, 
which is down slightly from last year's post-World War II record of 9.9%.

  Mr. Obama's major contribution to deficits has been a record spending 
spree. In 2007, before the recession, federal expenditures reached $2.73 
trillion. By 2009 expenditures had climbed to $3.52 trillion. In 2009 
alone, overall federal spending rose 18%, or $536 billion. Throw in a 
$65 billion reduction in debt service costs due to low interest rates, 
and the overall spending increase was 22%.

In one year.

CBO confirms that Democrats have taken federal spending to a new and 
higher plateau: 24.7% of GDP in 2009, 24.1% this year, and back to an 
estimated 24.3% in 2011. The modern historical average is about 20.5%, 
and less than that if you exclude the Reagan defense buildup of the 
1980s that helped to win the Cold War and let Bill Clinton reduce 
defense spending to 3% of GDP in the 1990s.

This means that one of every four dollars produced by the sweat of 
American private labor is now taxed and redistributed by 535 men and 
women in Congress.
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