Independent Christian Voice

Monday

Bush biggest spender of them all.

From the "liberal" Cato Institute:
Revised data released during the summer by the Congressional Budget Office (CBO) provide analysts the ability to make side-by-side comparisons of the spending habits of each president during the last 40 years. All presidents presided over net increases in spending overall, though some were bigger spenders than others. As it turns out, George W. Bush is one of the biggest spenders of them all. In fact, he is an even bigger spender than Lyndon B. Johnson in terms of discretionary spending. The increase in discretionary spending—that is, all nonentitlement programs—in Bush’s first term was 48.5 percent in nominal terms. That’s more than twice as large as the increase in discretionary spending during Clinton’s entire two terms (21.6 percent), and just higher than Lyndon Johnson’s entire discretionary spending spree (48.3 percent). A more accurate comparison accounts for how long each president served in office and adjusts for inflation. To adjust for the varying tenures of each president, growth rates in average annual terms should be used for ranking purposes. The results of adjusting the budget trends for inflation and the length of time in office are shown in the figure to the right. It compares the top five biggest spending presidents in terms of nonentitlement spending. Bush’s record looks even worse by this standard. His spending rate is much higher than Lyndon Johnson’s. In other words, Bush has expanded federal nonentitlement programs in his first term almost twice as fast each year as Lyndon Johnson did during his entire presidency. ... By the end of Reagan’s tenure, nondefense spending was up in nominal terms but down considerably once you adjust for inflation. All told, Reagan presided over a real nondefense discretionary spending cut of 9.5 percent. Contrast that with Bush’s presidency so far. He has presided over massive increases in almost every category. This is a dramatic change of pace from most previous presidents, when increases in defense spending were offset by cuts in nondefense spending (or at least by spending money on other programs at a rate slower than inflation). George W. Bush’s tenure has so far been a return to the Johnson and Carter philosophy of budgeting that gives increases to all categories of spending.
I agree with Arthur Silber at Once Upon A Time:
I think we have had more than sufficient evidence for some time now to state one conclusion with finality: by any standard you care to use, with regard to any issue you care to name, and with regard to the scale of damage he has caused both here and abroad, Bush is the worst President in American history. The. Worst. President. Ever.

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