Here is a review of the US government's current expenditures.
I suspect that these charts might induce cognitive dissonance in some, and I am sorry for that. But these are things are they are.
The sharp increase in debt under Obama is not because of increased spending, which had already increased significantly with Bush's unfunded wars, but was precipitated primarily by a very sharp decrease in receipts, because of the tax cuts, organized tax avoidance in the predominant financial sector, and most of all the sharp falloff in economic activity from the deepest dive in employment in post war history.
The truth is often less comfortable than the oft-repeated lie, which is simpler and easier to understand, and more comforting in its reliance on reflexive primitive emotions. But the lie is always a trap and a snare, and a major impediment to improvement and well being.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.
And for the love of God, corporations are NOT people, and do not deserve primacy of the peoples' Bill of Rights. When a corporation can shoulder a rifle, or even offer a son or daughter to fight and perhaps die on a battlefield, and spill out its last measure of devotion for its country, then perhaps one might make such a thing equal in rights and protections to a living human being.
But since it is not a life, but an artificial construct, to give corporations equality, much less supremacy of place due to their collective power and wealth, over a living breathing person, is the act of a Frankenstein, and not of a thoughtful and sustainable democracy, but corporatism in its rawest form.
Federal current expenditures are general government final consumption expenditure and includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.It should be noted that in the latest quarterly update, which is not yet included in this table, the level of government expenditures has stabilized and is no longer in a sharp decline in relative growth.
"US Federal Government Current Expenditures is at a current level of 3.71T, up from 3.708T last quarter. This represents a quarterly annualized growth rate of 0.24%, compared to a long term average annualized growth rate of 7.27%."