One of my additional duties for my military unit is as the resource adviser...so I know how budget works. I see that during Bush's last few years...we were dealing with $200-400 billion deficits. Now...its ~$1.5T.
Now my question: Am I understanding that what they did was incorporate the stimulus spending of 2009 into the baseline of the budget? Is that why the annual deficit is so high? If so...I thought that was a one time deal. If not...what are we spending 1 trillion on in 2010 that we weren't spending on in 2008?
An economist I’m not so I can’t begin to answer your question. But I do know that over the last couple of years the amount of food stamps people can get has exploded. For a single person from $96/mo to $177/mo. Family of six from $310/mo to $1016/mo. Meanwhile, inflation has been near zip.
So I wonder why, and realize this is a deliberate building of the dependent class. These are also the folks who pay no or low federal income tax.