Robert Higgs on Obama's Spending Spree

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Uploaded by on Oct 28, 2009

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.

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  • 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.

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    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

  • BANKS begging to the American People for a Bailout and now they cry about limiting management compensation. PLEASESSSSSSSS!

  • anyone who has not read his books is missing out!!

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