Is Obama Really The Most Fiscally Responsible President In a Generation?
So, I understand that a lot of conservatives will have a hard time with this idea, but other than the bailouts (which would have passed under President Bush II as well) and the spending that came from entitlement programs to help people who are sick and/or out of work – I really don’t understand what a lot of people think that he’s spending money on… I have tried to be sympathetic to my friends who are highly disaproving of President Obama because I know that they mean what they are saying, I’m just not sure why he is such a big spending president…
When I have talked to friends and strangers about this who say that Obama is a big spender I usually hear 2 main things that make him a big spender to them: The bailout, and Welfare. I think that it’s fine to call him a big spender, if you are ready to explain why, and these to points need to be separated, because they really are separate issues.
Lastly though, I want to say that one flaw that I see with this article is that there are at least 2 competing variables that should really be compared to get a good idea of the rate at which spending has increased:
- We need to compare economies of scale, and the inflationary dynamics through which the economy has grown. (aka: 1 dollar today is not the same as a dollar in 1980)
- We have to understand that this is comparing a rate of increase, and not talking about the actual dollar amounts of increase (which are difficult to compare due to #1).
There is a lot more to say about this, but I’ll just let you read the article now.
Obama Is The Most Fiscally Responsible President In a Generation