Skip to comments.+30.5B: Federal Spending Up, Not Down, in First 5 Months of FY13
Posted on 03/15/2013 5:14:36 PM PDT by Nachum
(CNSNews.com) - Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury.
The federal fiscal year begins on Oct. 1 and runs through Sept. 30. In the first five months of fiscal 2012 (October through February), according to the Monthly Treasury Statement, total federal spending was approximately $1,473,999,000,000.00. In the first five months of fiscal 2013, total federal spending was $1,504,547,000,000.00.
Thus, federal spending was $30,548,000,000.00 more in the first five months of fiscal 2013 than it was during the first five months of fiscal 2012.
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The list, Ping
Let me know if you would like to be on or off the ping list
But they claim the 2013 deficit will be $900B
Probably due to the EBT’s getting a Bonus for Christmas Aire Jordan Nike purchasing......
I forgot to mention the Talking Point Echo that “under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower” so this can’t be right.
The only correlation I could make from that (without actually researching the data) is Eisenhower built the freeway system. As an average of federal spending to get that job accomplished by the Eisenhower administration compared to what obama is doing, well, there is no comparison except one built, the other destroys.
I wanna know why the bank bailouts meant an extra $2 trillion but since we are no longer doing any bank bailouts we still need to be spending that extra $2 trillion every year.