Not only has the Federal government not cut spending, they have ramped it up dramatically. Zero Hedge forgot that 2010 was when most of the ONE-TIME only $800 billion of “stimulus” spending occurred. The debt accumulation should have dropped dramatically in 2011 and 2012 as the Keynesians told us the $800 billion would jump start the economy, create jobs, increase tax revenues and cure cancer. Washington is inhabited by slimy snakes and filthy lying corrupt weasels. And those are their best traits.
Here is the dramatic cuts in Federal Government employees. The liberal lying class actually use this chart to prove their ridiculous contention that the Federal government is cutting jobs. Guess who counts as a government employee? SOLDIERS. The entire decrease is due to our pull out from Iraq. It isn’t Obama austerity measures.
Back out military employees and you get the truth about austerity. It’s a complete and utter bullshit storyline propagated by the liberal government loving MSM.
Submitted by Tyler Durden on 03/10/2013 03:40 -0500
Sequesters; continuing resolutions; “spending brakes”; government shutdowns; fiscal restraint….. austerity. For all the ceaseless talk about the “prudent”, “responsible” action out of Congress, even if it is a result of the president-proposed, and Congress endorsed automatic spending cuts enacted as a result of the August 2011 debt ceiling fiasco, we have a minor problem identifying just where this so-called spending restraint is manifesting itself. Perhaps that is because we look at the facts, not the propaganda, or the empty rhetoric. Here as the facts: in the year to date period of the past four fiscal years, starting October 1 and going through the current day in March, the current year has seen the issuance of exactly $635 billion in Federal Debt, which as of Friday crossed the “psychological barrier” of $16.7 trillion. This is the second highest cumulative debt issuance in one fiscal year, surpassing both 2010 and 2011, and lower only compared to the $726.7 billion raked up in Fiscal 2012… just after President and Congress swore to cut back on spending following the US downgrade by S&P.
Incidentally, now that the US officially has no debt ceiling, and which despite all the endless bluster out of the GOP may be gone indefinitely, the US has managed to rake up $270 billion in debt in just over one month.
Still think there is a difference between the “democrats” and the “republicans”?