Friday, June 08, 2012

Government Waist

This cartoon is intended to show that government spending is decreasing, but they still have a long ways to go.  The government "waist" is huge.  By the way, a hot dog is still pork.

I drew this toon with a mechanical pencil on a piece of scratch paper in 40 minutes.    One can tell.

I don't think this is the end of the story.  How has spending changed since 2000?  A look at FRED data series, FGEXPAND, and you will see that spending under Mr. Bush was two times that under Mr. Obama.


This is interesting since Mr. Obama spent $800 billion as a one time stimulus.  Although spending as increased by $600 billion under Obama's administration, it is no where near spent under Mr. Bush.  For more, click here.

As I used to say to wrestlers trying to cut weight:  it wasn't put on overnight.  It cannot be taken off overnight.  The debt is here to stay for a very long time and will be pass on to future generations.


No comments:

Post a Comment