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re: Debt up 70% under Barry
Posted on 12/2/14 at 9:34 am to rintintin
Posted on 12/2/14 at 9:34 am to rintintin
Most of this increase came from the Stimulus, $787 billion. The next year a budget was not passed so the previous years budget carried over to the next year, with the $787 billion still there. Then there is a think called Baseline budgeting, it takes the previous budget and adds ~5%-6%, which is much more than inflation. The next year it happened again and again. The stimulus money was not 1 time money it was permanently added to the budget and compounding yearly.
Let that sink in...
Let that sink in...
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