Posted on 11/24/2009 1:52:51 PM PST by Sub-Driver
Obama Shatters Spending Record for First-Year Presidents
The federal government spent $3.5 trillion during President Obama's first year in office. This far exceeds the spending for any other first-year president.
President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.
In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.
That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.
Click here to read FOXBusiness.com's Elizabeth MacDonald describe what the interest on the debt can buy.
That's a big increase. But compared with other presidents' first years in office, Obama is running circles around them.
First in.......
Bush’s Fault......
congralation 2 bumer 4 this series win.
Major highlights...if you make over $250,000 your taxes go up. Sunset the Bush Tax cuts on 250,000 and over along with other goodies...cap gains tax going up...MMMMMM MMMM MMMMM.
This does, or does not count the $700B bailout from last fall? It’s not quite clear on that point.
A Nobel Prize for spending us into bankruptcy! Makes you want to hang your head in the toilet bowl.
Meant CBO
He had a few hundred accomplices.
How the hell do you spend 3.52 trillion dollars? Seriously, how the hell do you do that? Mind is blown.
This guy is wrecking our economy and the entire free market with a will. It is not an accident. IMHO, it is his intent so he can continue to construct a marxist-like command economy on its ashes.
“How the hell do you spend 3.52 trillion dollars? “
Are you kidding! Not a problem for the gang from Chicago!
It looks like it does. Fiscal 09 includes last 3 months of 08.
It’s the Cloward-Piven strategy to a tee!
2nd in Bush’es fault.
The list, ping
Wow, it's just been such an amazingly awesome time I couldn't believe all of this delightful government spending and rampant expansion of socialism happened in only one year! Why, just think where we'll be a year from now.
:: heavy sigh ::
Sorry..second place is first loser...LOL
The President should least cut back a little bit and be an example. This guy acts like a hog at the hog barn. He is milking every dime of tax money he can, like he is drunk with power. The country is foolish to tolerate such a glutton.
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