Freedom Line Blog

The Congressional Budget Office (CBO) has done Americans a big favor by posting a crystal-clear graph illustrating the dramatic impact of Obama’s deficit on the nation’s economy.  What immediately stands out is that the nation’s budget deficit as a percentage of gross domestic product (GDP) during the past 45 years has essentially remained in the +/- 5% range.  Although politicians from both parties and political pundits from all perspectives have famously used the federal budget deficit as a bludgeon during that 45-year period, the CBO’s graph shows that it’s fluctuations have actually remained fairly moderate.  Those Bush deficits for which he was justifiably criticized?  They actually remained within post-World War II averages, and were headed on an improving trajectory.  In contrast, Obama’s deficit trajectory shows an new, alarming, dramatic deterioration.

Obama ran on a slogan of “change,” but who suspected that this is what he would deliver so soon?