A good analysis. One thng for members to keep in mind is that the FY 2009 federal budget was prepared by the Bush Administration. Prepearation of federal budgets by the Obama Administration did not begin until FY 2010.

In any case, most people focus on the increase in the National Debt. They don't realize that it is funded debt the interest payments on which only amount to about 6% of the annual federal budget.


"Generosity. That was my first mistake."
"Experience must be our only guide; reason may mislead us."
"Instagram is Twitter for people who can't read."