Information about Taxes, Government Spending and the Economy 

Cato Institute confirms President Bush is worlds greatest spender
by Mike Crane

In October we published an article about the spending policies of the Bush Administration (See: BUSH: Go ahead liberal punks - just try to outspend me!). The facts were startling. The Republican Revolution that started in 1994 and has resulted in Republican control of the White House, U.S. House of Representatives and U.S. Senate has NOT reduced the burden presented by the federal government. It has in fact led to the largest spending and borrowing spree in the history of our country!

Many, included the author, for years were extremely critical of the then controlling Democrats for their tax and spend programs. But all who voted for the Republican Party under the guise that they would lead the way in reducing the federal government addiction to your wallet did not get what they voted for!

The chart at the right from the Cato Institute (See: Bush Beats Johnson: Comparing the Presidents) simply gives a visual picture of the spending habits of recent Presidents.

The Cato Institute Report gives the following summary of federal spending under recent presidents:

The increase in discretionary spending—that is, all non-entitlement programs—in Bush’s first term was 48.5 percent in nominal terms. That’s more than twice as large as the increase in discretionary spending during Clinton’s entire two terms (21.6 percent), and just higher than Lyndon Johnson’s entire discretionary spending spree (48.3 percent).

In the October article we reported the government's own Treasury Bond Debt figures as:

I. National debt by Treasury Department (http://www.publicdebt.treas.gov/opd/opdpenny.htm)

09/30/2005        $7,932,709,661,723.50
09/28/2001        $5,807,463,412,200.06

Since then our Treasury Bond Debt has increased!

12/23/2005        $8,097,233,080,920.30

In October we reported the government's own Trade Deficit Report as:

II. Trade Deficit (http://www.bea.gov/bea/newsrel/tradnewsrelease.htm)

Since then the Trade Deficit has increased:

September - (66.1)
October - (68.9)

Many who call themselves conservatives are silently watching as the credit card tab for their grandchildren rises and rises. Today neither the Republican or Democratic parties even understand the term - fiscal responsibility. They are both converts to what they call the great future benefit - globalism.

But have they really explained to you - the citizens they are supposed to represent just what globalism means to you, your family and grandchildren?

It does not take a rocket scientist to understand that you can not accumulate debt at this rate forever. But in the name of globalism they continue year after year, so unless you - the citizens - make some changes you are going to get globalism whether you like it or not.

Many are so busy that they have not taken the time to give this much thought, and just continue to support their Party - after all the other one is much worse, even when they have the same basic direction. As we all know it is much better to go over the cliff at 30 mph than 60!

Coming soon - an article explaining just what this fantastic world of globalism will bring to you, your family and grandchildren. If you want to be notified by email when it is posted use the How To Stay Informed link.

How To Stay Informed

“Nobody made a greater mistake than he who did nothing
because he could only do a little.”
― Edmund Burke (1729 - 1797)

In the meantime, all of those who sent such delightful  flame mail about the article - BUSH: Go ahead liberal punks - just try to outspend me! - don't forget to send similar messages to the Cato Institute for also telling the truth! No matter how much you complain, the facts remain just that - facts - President Bush is presiding over the largest accumulation of debt and spending in the history of the world.

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