Presidential Expenditure

by Shihang

The NY Times posted this interesting little nugget about Obama’s financial disclosure forms. Of course, we shouldn’t look into this too much (and there is not too much to make of it), but the trivia is rather interesting. What I found striking is how Barack has up to $5m of his own money in government bonds financing the government debt. That is quite clearly putting your money where your mouth is.

The forms can be found here.

Speaking of the government debt, Ezra Klein brings us this little chart telling us where the deficit is coming from. If this is not solid support for the Keynesian position, I don’t know what is.

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