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December 12, 2011

Obama's Budget Shows His Failure to Create Jobs

The above chart represents the past three budgets covering the income security expenses in the federal budget. In Obama's first budget, it was clear that he expected the job market to be completed recovered by 2012. From there, the budget assumes growth in cost based on inflation.

In FY 2011, these estimates soared. Why would the cost of income security rise so much unless...the number of unemployed persons were higher than expected. Looks like that stimulus really had the outcome that the Obama administration expected?

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