Thursday, August 25, 2011

Bush's Stimulus Package II

Yesterday I posted a message about Bush's Stimulus Package, but the graphic left a bit to be desired.

This chart shows the year to year growth (changes) in federal spending.

Note that Bush increased spending significantly - which, by another name, is a stimulus package. This graph shows how much stimulative growth in spending we saw under Bush.*

Also note that the Obama 2009 spike includes (i) TARP spending which was enacted during Bush's administration, and the Recovery Stimulus package, which was enacted to combat the effects of Bush's Recession. We can differ on how much of the 2009 spending is the responsibility of Bush and how much the responsibility of Obama. See, e.g., http://rjw-progressive.blogspot.com/2011/08/whose-debt-is-it.html























* (Note that my source from which these figures were calculated does not indicate if they include the "off-balance sheet" spending on the Iraq and Afghanistan wars, which were not included in Bush's budgets, but were paid for with "supplemental appropriations" and noit included in the budget itself. My source was http://www.usgovernmentspending.com/downchart_gs.php?year=1990_2011&view=9&expand=&un

2 comments:

  1. Your page says "If your are going to pursue truth you have to be willing to change your mind." Very true! Who wants to pursue truth??!! Hi, my name is Mark in Denver. i want to become a "soldier of truth" (what Gandhi called Socrates). i have already come a long way but am looking to put together a group for support. my experience has been that real truth-seeking, that is, actually seeking larger and deeper truths as opposed to just self-interested probing to confirm preconceived notions or to make more money or to seek comfort, is rare. indeed, almost nonexistent. Morally speaking, spiritually speaking, if one is not seeking truth, you are fully content with illusion and delusion.
    i would probably write different people weekly to seek support and challenge me, it could be email correspondence or something more if desired. i am 59. i could offer others support if desired but mostly want to put together like minded, sincere seekers of truth. is this something you might be interested in? any leads would be appreciated.
    thank you for your consideration, Mark Hanawalt communitytruth@yahoo.com

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  2. Sure, I'll support or challenge you. Start a blog and I'll post on it. SLC

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