red states rule
11-24-2009, 11:40 PM
Pres Obama has yet another accomplishemnt under his belt - the all time first year Presidential spender in US History
http://farm3.static.flickr.com/2734/4132910364_7d472efea3_m.jpg
Obama Shatters Spending Record for First-Year Presidents
FOXNews.com
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.
http://www.foxnews.com/politics/2009/11/24/obama-shatters-spending-record-year-presidents/
http://farm3.static.flickr.com/2734/4132910364_7d472efea3_m.jpg
Obama Shatters Spending Record for First-Year Presidents
FOXNews.com
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.
http://www.foxnews.com/politics/2009/11/24/obama-shatters-spending-record-year-presidents/