Originally Posted by pricejj
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.
That sustained increase has nothing to do with ARRA. It's almost all because of increased mandatory spending (social security, medicare, unemployment, interest, etc.) as well as large increases in VA and other defense related spending and small increases in other discretionary spending.
It's so simple even a vapid guy like you should be able to do the math:
Total spending from ARRA: ~$500bn over three years
$166bn/yr in 09/10/11