Friday, April 15, 2011

Historic


Jeffrey Anderson in the Weekly Standard, on Obama's historic deficit spending:

Given President Obama’s inference in his recent speech that, if only every other president had been as responsible on deficit spending as he has been, things would be great, it is well worth revisiting Obama’s actual track record versus other recent presidents (detailed more fully here). It’s also worth noting, since Obama’s fallback defense is always that the economy made him do it, that annual deficit spending even during the Great Depression never reached so much as 6 percent of the gross domestic product (GDP). You can see how that compares with Obama’s tallies below:


I don't know how much of this history we can take.

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