Another Brilliant Plan Out of WI

[dellinger63]

Originally Posted by dellinger63

Now I ask how much of the current $3.7 trillion Obama budget is interest payments on Bush's war and tax cuts? Judging by the budget increase it should in the range of $600-$700 billion and sadly it's not.

FYI

In 2009 Bush's last year and (his biggest budget) $260 billion was paid out to interest of a $3.107 trillion budget. Or 8.5% of total budget.

Obama's 2012 budget $3.7 trillion calls for 6.3% of total budget or $233 billion to be dedicated to interest.

So while Obama's budget exceeds Bush's by $600 billion it pays $27 billion less in interest? Coupled with what Obama did in 2010 and 2011 we're talking trillions of new dollars in debt.

Bush 2009 budget http://en.wikipedia.org/wiki/2009_Un...federal_budget

Obama 2012 budget http://www.whitehouse.gov/omb/budget