Originally Posted by Fedaykin
Wow, you are so clueless.
1.) The stimulus was a ONE TIME expenditure spent over three years. It is NOT a yearly $800bn budget item.
2.) As you've been told before, the stimulus was ~$500bn in spending, and ~$300bn in TAX CUTS
That means for three years, we had an additional deficit of $166bn in spending increases and $100bn from revenue cuts because of the stimulus.
Federal spending data from whitehouse.gov:
2008 - $2,982,544
2009 - $3,517,677
2010 - $3,456,213
2011 - $3,603,061
2012 - $3,795,547
Notice how federal spending increased 20% from 2008 to 2009 (due to the "stimulus")? Notice how stimulus spending never went away? Federal spending increased 27% in Obama's first four years.
That's what the Obama budget did. It put government spending at levels that revenues won't be able to reach for another 20 years...and only if you MASSIVELY increase taxes on the middle-class.
U.S. household median disposable income - $31,000
Germany household median disposable income - $21,000
Notice the disparity? It's due to Europe's crushing taxes on EVERYONE to pay for their entitlement state. It's the only way to pay for Obama's 24% GDP federal spending.