OBAMA'S BUDGET 101

VIDEO: AN EASY WAY TO UNDERSTAND OBAMA’S BUDGET, SPENDING, DEFICIT, ETC.
GREAT SUMMARY VIDEO		OBAMA’S DEFICIT
CHART SOURCES Chart #1, Chart #2, Chart #3, Chart #4 Obama’s Budget for Fiscal Year 2010 (FY2010)

	Obama’s unprecedented deficit The Obama Budget: Spending, Taxes, and Doubling the National Debt: “Between 1953 and 1982—a period of high tax rates, spending growth, and applied Keynesian eco­nomics—the economy was in recession 21 percent of the time, inflation reached 13 percent, interest rates hit 19 percent, and the stock market grew only 5.4 percent annually. However, beginning around 1982, tax rates were dramatically reduced, and federal spending began decreasing as a share of the economy. In the 26 years following this major policy shift, the economy has been in recession only 10 percent of the time (including the current recession), inflation has never topped 5 percent, interest rates have never exceeded 12 percent, and the stock market (despite increased volatility) has soared 7.0 percent annually, even including the recent 50 percent drop.” Clinton benefited from a free-market Republican congress
BAILOUT SUMMARY $11 TRILLION DOLLARS IN BAILOUTS!!!.....click here to see breakdown
$11 Trillion in Bailouts. Billions in Bribes.
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