Despite the “Blame Bush first” mantra of this administration, the truth about the deficit spending is pretty easy to see.
To start, one should realize that the President does not make the budget — though he can influence it, as Obama has certainly done with the stimulus package and other horrific economic policies.
Congress makes the budgets, and then-Senator Obama was a part of that for 2008 and 2009 (technically the 2007 budget was the last of the Republican plans). Note how the deficits, while high, were being reduced each year.
From 2008 on it is all Democrat, all the time. And those figures should frighten people. It is a quick way to destroy the country, because those are obviously unsustainable. They will kill jobs, which will reduce the tax receipts even more and make these projections even worse when they play out.
We need to spend less, starting now. This is what happens when you have inexperienced people in charge who have no concept of basic economic principles.
Hat tip: Frank