Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel
Uploaded by danmitchellcato on Feb 11, 2012
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Dan Mitchell of the Cato Institute has shown before how excessive spending at the federal level has increased in recent years.
A Humorous Look at Obama’s Screwy Budget Math
May 31, 2012 by Dan Mitchell
I’ve been quite involved in the debate over which Presidents were big spenders.
I started with an analytical post that crunched the data from the Office of Management and Budget, and I showed that Obama was only a fiscal conservative if you ignored the budget impact of the TARP bailout.
I then augmented that analysis with a second post showing in more detail that Obama deserves a bad grade because of spending on social welfare programs.
Last but not least, my most recent post stated that Bush also was a big spender and I cited Jonah Goldberg’s excellent column suggesting that Romney should admit that Republicans bear some blame for the fiscal mess in Washington.
So we’ve been entirely too serious about this topic. Time for some cartoons! We’ll start with this gem from Eric Allie.
Now let’s look at a good one from Lisa Benson. The dirt being swept under the carpet is TARP, of course.
I think that’s the first cartoon I’ve used from Mr. Allie, but I have shared Ms. Benson’s work before. You can find some of my favorites here, here, here and here.
P.S. Getting back to the serious issue, much of the debate over Obama’s spending record revolves around TARP, but there’s also some discussion of how to divvy up blame for spending in Bush’s last fiscal year (FY2009, which began October 1, 2008). You can find some of my analysis on that issue here and here.
The Daily Hatch 