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Obamanomics

632 bytes added, 16:33, 14 July 2012
spending data, and comparison to other presidents
Through three fiscal years, the federal government takes in $6 billion a day and spends $10 billion a day. <ref>[http://nation.foxnews.com/president-obama/2012/01/02/every-day-obama-regime-takes-6-billion-and-spends-10-billion Every Day, the Obama Regime Takes in $6 Billion and Spends $10 Billion, Fox Nation, January 02, 2012]</ref> One outcome of Obamanomics has been to saddle America with debt and no positive benefits can be attributed to the gobs of money spent.
 
Nevertheless, budgets passed under President Obama have included the smallest average annualized growth of federal spending (1.4%) since before President Reagan. Federal spending grew an average of 8.7% per year during Reagan's first term and an average of 8.1% per year during George W. Bush's second term.<ref>{{cite web|url=http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/|title=Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?|publisher=Forbes|author=Rick Ungar|date=May 24th, 2012}}</ref>
==Key Components of Obamanomics==
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