Friday, May 25, 2012

Why NOBODY Voted for Obama's 2013 Budget

Last February, Obama submitted his latest budget proposal to Congress.

On 3/28/2012, the House unanimously rejected Obama’s budget proposal.

On 5/16/2012, the Senate also unanimously rejected Obama’s budget proposal.

Rex Nutting, at MarketWatch, seemingly thinks Obama is the most fiscally responsible President ever. So, surely Congress must have found Obama’s budget to be far too austere, eh? Not exactly.

Click here and examine the scoring of Obama’s latest budget proposal by the non-partisan Congressional Budget Office. Examine the far right column of Table 1 on page 2. Divide $6,390 (billion) by $2,887 (billion) and see that Obama’s budget INCREASED deficit spending by a whopping 121% over what would be the case if Congress did NOTHING!

The chart below is a direct representation of the data found in Table 1 described above.

Click the image to enlarge it:
Click the image to enlarge it
Click here for the source -- see Table 1.
The same XLS spreadsheet can be downloaded from this CBO page.
You’ll have to create the chart yourself (as I did).

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