Originally aired on 10/26/09 on FoxNews.com "Freedom Watch." Robert Higgs, Senior Fellow at the Independent Institute, examines why government spending can't pull the U.S. out of economic recession.
President George Bush largest budget was $2.9 with a $239 Billion deficit.
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Obama proposed $3.7 Trillion with a deficit of $1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Yet Obama claims that his spending is reasonable better than Reagan.
.
Obama and democrats are trying to position themselves as the “good guys” using a government shutdown as a political strategy for their exorbitant spending.
President George Bush largest budget was $2.9 with a $239 Billion deficit.
.
Obama proposed $3.7 Trillion with a deficit of $1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Yet Obama claims that his spending is reasonable better than Reagan.
.
Obama and democrats are trying to position themselves as the “good guys” using a government shutdown as a political strategy for their exorbitant spending.
.
Jack Daniels Explains The Deficit
watch?v=_Rl1xgT3REE
Fashionificationful 10 months ago
BANKS begging to the American People for a Bailout and now they cry about limiting management compensation. PLEASESSSSSSSS!
jfcrow1 2 years ago
anyone who has not read his books is missing out!!
soundmoneyfan 2 years ago 2