Spending Is A Washington Problem

Bush started it. Obama countinues it. We must stop it!




•During the 1930s, New Deal lawmakers doubled federal spending--yet unemployment remained above 20 percent until World War II.
•Japan responded to a 1990 recession by passing 10 stimulus spending bills over 8 years (building the largest national debt in the industrialized world)--yet its economy remained stagnant.
•In 2001, President Bush responded to a recession by "injecting" tax rebates into the economy. The economy did not respond until two years later, when tax rate reductions were implemented.
•In 2008, President Bush tried to head off the current recession with another round of tax rebates. The recession continued to worsen.
•Now, the most recent $787 billion stimulus bill was intended to keep the unemployment rate from exceeding 8 percent. In November, it topped 10 percent.