I've been trying to articulate to people how much President Obama spends. I provide the numbers, show that current spending levels are "unprecedented in peacetime," etc. But it does not seem to sink in, at least not for everyone. So let me try a different tack. Each and every year, President Obama spends more than President Bush did, by the equivalent cost of the entire Iraq War. OK, now I will prove that statement. The numbers from the table below come from the White House's own Office of Management and Budget (http://www.whitehouse.gov/omb/budget/Historicals/). Dollars (billions) Inflation-adjusted dollars (billions) Percent of GDP 2001-08 ave. $1,991.0 $2,167.8 19.7% 2009-12 ave. $3,593.1 $3,148.3 24.4% Difference $1,602.1 $980.6 4.7% That bottom-right figure of 4.7% of GDP translates into $733.3B in today's dollars. So, depending on how you want to count, Obama spent $733B to $1,602B more than Bush, every year, on average. (In my view, the fairest way to count is by percentage of GDP, the method that is most favorable to Obama.) How much....
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