Today’s WSJ has a great analysis of Obama’s proposed 2013 budget. FYI, this is the budget which is supposed to explain why reelecting him is a good idea and if you’re curious about the flaws in his plan, read the article here.
But what really blew my mind were the two charts in the article. The first shows the increase in public (i.e. government) debt since the year 2000. I feel like printing this on the back of a business card to show to every liberal who says to me, “George Bush raised the debt too!”
The second chart shows government spending versus receipts since the year 2000. Notice how they work in opposition? Is this an example of government spending actually crowding out the private sector?