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The '''[[Obama administration deficit spending]]''' is government deficit spending which is occurring at unprecedented levels.  The [[Obama administration fiscal policy]] is burying Americans under a mountain of debt. Persistent deficit financing, along with tax increases in hard economic times, are known job killers that stifle growth and choke job creation, even according to [[Keynesian]] economic theory.<br><br>

The '''[[Obama administration deficit spending]]''' is government deficit spending which is occurring at unprecedented levels.  The [[Obama administration fiscal policy]] is burying Americans under a mountain of debt. Persistent deficit financing, along with tax increases in hard economic times, are known job killers that stifle growth and choke job creation, even according to [[Keynesian]] economic theory.<br><br>

[[File:Obama deficit.JPG|375px]]<br>''Source: White House Office of Management and Budget''<br>

[[File:Obama deficit.JPG|375px]]<br>''Source: White House Office of Management and Budget''<br>

The Obama [[Federal budget deficit|deficit]]s are unquestionably the largest on record and represents an explosion of debt owed to foreign investors -- [[capital]] that must be exported in the future. The most recent deficit under President Obama for the year ending September 30, 2010 has been reported by the administration as $1,290 billion dollars (or $1.29 trillion).

 

The Obama [[Federal budget deficit|deficit]]s are unquestionably the largest on record and represents an explosion of debt owed to foreign investors -- [[capital]] that must be exported in the future. The most recent deficit under President Obama for the year ending September 30, 2010 has been reported by the administration as $1,290 billion dollars (or $1.29 trillion).<br>

 

[[File:Obama deficits 2009-2010.JPG|375px]]

[[File:Obama deficits 2009-2010.JPG|375px]]

President Obama's record deficits include the $787 billion failed [[Economic stimulus]], the  $634 billion "down payment"<ref>http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022504066.html</ref> on so-called [[Obamacare|healthcare reform]], and the $80 billion<ref>http://www.time.com/time/business/article/0,8599,1897321,00.html</ref> [[UAW]] [[bailout]], which added to [[President George W. Bush]]'s proposed  $700 billion deficit<ref>http://www.washingtonpost.com/wp-dyn/content/graphic/2009/03/21/GR2009032100104.html</ref> in 2008.

President Obama's record deficits include the $787 billion failed [[Economic stimulus]], the  $634 billion "down payment"<ref>http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022504066.html</ref> on so-called [[Obamacare|healthcare reform]], and the $80 billion<ref>http://www.time.com/time/business/article/0,8599,1897321,00.html</ref> [[UAW]] [[bailout]], which added to [[President George W. Bush]]'s proposed  $700 billion deficit<ref>http://www.washingtonpost.com/wp-dyn/content/graphic/2009/03/21/GR2009032100104.html</ref> in 2008.