The Obama Budget

http://www.futureofcapitalism.com/2010/02/the-obama-budget

The headline number being used to described President Obama's 2011 budget is $3.8 trillion. Some context: In its last budget, the Obama administration complained, "Since 2000, health insurance premiums have increased faster than worker's earnings. After adjusting for inflation, family health insurance premiums have increased by 58 percent while workers' wages have increased only 3 percent." After adjusting for inflation, Mr. Obama's 2011 budget is about a 56% increase over 2000 -- putting the federal government in about the same league as those rapacious insurance companies.

by Editor  |  Feb 1, 2010 at 9:28 am receive the latest by email: subscribe to the free futureofcapitalism.com mailing list