Thursday, August 23, 2012

What's in a Number?

It is not unusual during an election cycle for politicians and pundits to play around with numbers. Numbers are used to impress people, although few people understand the numbers much less the manipulation of such numbers. The Democrats and President Barack Obama are relying on that as he attempts to be re-elected. They claim that the rate of spending increases under the President have been far less than folks believe.

Maybe so, maybe no. You can look over facts and figures here:

http://newsbusters.org/blogs/noel-sheppard/2012/05/24/msnbc-and-white-house-cite-bogus-report-claiming-obama-spending-binge

Or here:

http://hotair.com/archives/2012/05/23/correcting-obamas-spending-record-again/

Read these and the related links within them at your leisure, if dare or care to. They demonstrate that the rates of increase in federal spending under President Obama are far greater than he wants us to believe. But do the rates really matter? After all, if you earned a buck today but three dollars tomorrow you've increased your earnings 300%, but so what? Three bucks are nothing. But if you earned 50 grand last year and 55 this year, that 10% is huge.

So what really matters are the raw numbers. And the raw numbers are that Barack Obama has been spending a trillion dollars over budget for several years. That puts our current federal budget deficit at $5 trillion dollars. $5,000,000,000,000.

That says more than the rate of spending. And it tells us all we need to know when considering who to vote for in November 2012.

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