The Congressional Budget Office [CHART] is definitive proof that as a share of the economy, spending on domestic and defense at today’s level are well below the long-term average. And the Congressional Budge Office projects that by 2023 discretionary spending will fall to 5.3% of GDP, the lowest since 1962.

To dig the country out of the great depression at the time George W. Bush left Office, in 2010 discretionary spending had reached 9.1% of GDP. This was largely due to the stimulus law that began under Mr. Bush and continued by Mr. Obama that saved us from becoming like Russia in 1990 – falling into the financial abyss.

However, it wasn’t that much higher than the 40-year average of 8.4% and was still below the 40-year peak of 10% reached in 1983 by the Republican Greed god – Ronald Reagan.

CABLE NEWS; FOX: CNN: MSNBC: Has made some Americans DUMBER than they already were. Bad news is breaking news from the Coyote’s Hosts that serve their FIVE CORPORATE MASTERS. (All Television and Radio Stations; News Papers; Magazines and the likes are owned by Five Major Corporations) whose only interest is their avarice for more Mammon. 

Cable News manipulate the truth; couch facts into hyperboles and their so called News Casters express their opinions, but never really report the NEWS!

This entry was posted on January 28, 2014 at 10:46 am and is filed under Uncategorized with tags Cable News make people dumber, CBO, cnn, Congress, Congressional Budget Office, discretionary spending, fox news, George W. Bush, GOP MISNOMER, MSNBC, obama, President Obama, Republicans Lie, Senate, Spending at its lowest, White House. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.