Bushonomics on steroids, Dig your way out of a hole

Before President Bush took office

· The federal government took in $2 trillion in revenue in 2000. In 2009, the federal government is expected to take in $2.4 trillion.
· After eight years under President Bush, the federal government is taking in $400 billion more a year in revenue.
· So why did Congressional Budget Office project a $1.4 trillion deficit for the 2009 budget? Massive spending increases.
· As McClatchy reports "George W. Bush, despite all his recent bravado about being an apostle of small government and budget-slashing, is the biggest spending president since Lyndon B. Johnson.
In fact, he's arguably an even bigger spender than LBJ." McClatchy goes on to detail Bush's spending binge including an 18% increase in education spending, a doubling of agriculture spending, the 2003 Medicare expansion which was the "biggest single expansion in the programs history", and the $295 billion 2005 infrastructure bill.

1. So to recap, in 2000 the federal government spent just $1.8 trillion.
2. Now the CBO estimates that the feds will spend almost double that, $3.5 trillion, in 2009 (and that does not include Obama's Trillion Dollar Debt Plan)
3. Combining the increased $400 billion in revenue with the $1.7 trillion increase in spending, we see that the mountains of debt Obama is whining about inheriting all came from massive increases in federal spending.

It was borrowing and spending that got us into this mess.

When you find yourself in a hole shouldn’t you simple stop digging?

taken from www.Heritage.com

Are we Sheep or men? Do we follow the Obamanus Spendulus pass the pork package which is just Bushonomics on steroids or will we actually demand change?