deficits are going to pile up when you've just gone throught the worse economic meltdown since the depression..its not so much that Obama was a big spender, its that tax revenue was way way down
Whaaaaaaaaaaaaaaaa?
The "budget" (quotes because there hasn't been one in years) is approaching 4 trillion dollars w/ yearly deficits close to 1~ trillion...Obama is a big spender. Tax revenues don't alter that fact, whether this govt. can spend 4 trillion because it takes in 4 trillion in revenue or not.
We are also years since the "Recovery" began and are still in the same place economically except there are 4 million more people out of work, the Labor Participation Rate has declined further, trillions upon trillion more in debt, negative GDP, real incomes continue to decline, cost of living has increased faster than wages, savings are being eaten up by ZIRP....there's more but I don't have all day. All that and more even with the 800 billion dollar stimulus that is, hilariously, now part of the yearly "budget."
Sweet jesus, man, what planet are you on?