Nel's New Day

January 24, 2013

Obama’s Spending Slowest for over a Half Century

The crisis of the debt ceiling has been postponed until May 19 as the GOP kicked the mythical can down the road through a vote in the House. The Senate has yet to vote on it, but it’s very probable that they will. Meanwhile, the GOP is screaming about how much Obama spends. This is how he compares with the two earlier presidents:

govt expenditures

Bloomberg News wrote, “Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president.” The following chart shows this.

Eisenhower

The GOP keeps pushing the myth that government spending is out of control. Not so. Unfortunately, the lack of government spending is hurting the economy. Now is the time for the government to make investments because of the low interest rates. More investment means lower employment which means better economic recovery which ends up in people paying far more taxes.

Conservatives are wrong on two points: (1) government spending is down, not up, and (2) the GOP is fighting the recovery through making government spending go further down.

Our economic recovery and our deficit problem can’t be solved by taking money from the bottom 99 percent of the people in the country. The less money they have, the less they can spend. The less they spend, the less the economy will recover.

It can be solved by removing “entitlements” from corporations and the wealthy. Lower taxes doesn’t cause them to hire more people. Their history proves that. And they don’t spend the money that improves the economy: they drop it into offshore accounts where they can’t get taxed.

Your Congressional representative may not know this. It’s up to you to tell them.

Another death because of a “responsible, law-abiding gun owner”: Two weeks ago, 4-year-old Trinity Ross was shot in the head by a 6-year-old. Trinity’s stepmother was babysitting four children and had left the room. A loaded revolver was found in the pocket of a coat left by one of the children’s fathers. Trinity died a week later.

____________________________________________________________

This is my last blog for the next week. While I’m gone, check this out! It’s mesmerizing.

the way of improvement leads home

reflections at the intersection of American history, religion, politics, and academic life

© blogfactory

Genuine news

Civil Rights Advocacy

Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. -- Margaret Mead

AGR Daily News

Transformational News; What Works For Seven Future Generations Without Causing Harm?

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Jennifer Hofmann

Inspiration for soul-divers, seekers, and activists.

Occupy Democrats

Progressive political commentary/book reviews for youth and adults

V e t P o l i t i c s

politics from a liberal veteran's perspective

Margaret and Helen

Best Friends for Sixty Years and Counting...

Rainbow round table news

Official News Outlet for the Rainbow Round Table of the American Library Association

The Extinction Protocol

Geologic and Earthchange News events

Central Oregon Coast NOW

The Central Oregon Coast Chapter of the National Organization for Women (NOW)

Social Justice For All

Working towards global equity and equality

Over the Rainbow Books

A Book List from Gay, Lesbian, Bisexual, and Transgender Round Table of the American Library Association

The WordPress.com Blog

The latest news on WordPress.com and the WordPress community.

%d bloggers like this: