Obama spending out of control
Government spending is going out of control under President Obama. Since World War II, federal spending was about 20 percent of the gross domestic product. But under Obama, Social Security, Medicare and Medicaid alone are projected to soar to 20.5 percent of the GDP.
The wild spending programs of Obama and growing interest on the national debt will send federal spending to 40 percent of GDP. On top of that, unfunded liabilities of Social Security, Medicare and Medicaid are $104 trillion in an economy that produces only $14 trillion a year. Obama and his crew only respond by spending and borrowing more money.
Robert Graham
Naperville
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