Monday, July 27, 2009

Obama Tells The Truth!

You just have to dig for it:

There are two things that stand out about this administration: The speed with which it is taking us toward financial ruin and its uncanny ability to conceal the fact....

...Buried deep in the president's
budget proposal for fiscal 2010 is a little spreadsheet called Federal Debt at the End of the Year: 1940–2014. Catalogued as Table 7.1, it is part of a subsection called “Historical Tables.” (The table cannot be viewed online, but it be can downloaded as an xls file by clicking on the hyperlink.)

The spreadsheet features a column called “Gross Debt,” which gives the size of the federal debt as a percentage of GDP. Below are the administration's projections for the next three fiscal years:

2009 = 90% of GDP
2010 = 98.1% of GDP
2011 = 101.1% of GDP

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Euripides said...

The 20% jump from last year to this one is pretty telling as well. Then again, no one really pays attention to these charts, do they?

eutychus said...

If the majority of folks paid attention we wouldn't have this problem to begin with.