Obama Shatters Spending Record

[Nicholae]

Obama Shatters Spending Record for First-Year Presidents

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.

Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars. Using the same formula, former President Bill Clinton spent $1.6 trillion in 1993.

The last president to clock in under $1 trillion was Gerald Ford, who logged a $982 billion budget in 1975. Post-war Dwight Eisenhower even brought Uncle Sam's tab down to $556 billion in his first year, 1953.

Obama's first-year budget, adjusted for inflation, is about five times that. His 2009 budget is also close to 21 percent of that for Clinton's eight years in office -- Clinton's spending added up to $13.5 trillion over his two full terms. Bush spent $16.8 trillion from 2001-2008.

http://www.foxnews.com/politics/2009...+Politics%2529

[86Dude]

Little Timmy is going to kill off all our trees if he doesn't stop printing money.

[boedicca]

Worst President Evah.

Just Evah.

[Pot Roast]

I hope nobody tells Obama what comes after a trillion.

[Freedom&Liberty]

Infinity?

[Nicholae]

Originally Posted by Freedom&Liberty

Infinity?

DON'T SAY THAT!!!!!!

[boedicca]

Fasten your seat belts, it's going to be a bumpy Stagflation.

[Corporate Avenger]

Originally Posted by boedicca

Worst President Evah.

Just Evah.

9/11, illegal and needless war in Iraq snuffing out thousands of US soldiers, spying, torture, economic destruction, most criminal and scandal plagued administration ever, and you spent the last 8 years religiously defending them.

You're a partisan hack of the worst kind.

[boedicca]

An insult from CA is actually a compliment.

Thank you, you poor misguided moron.

[soylentgreen]

Originally Posted by Corporate Avenger

illegal and needless war in Iraq snuffing out thousands of US soldiers

Last I checked, the "needless war" continues under your hero Obama despite the fact that he and his party are in complete control. And, the soldiers are still dying...

Originally Posted by Corporate Avenger

...spying...

Spying has been going on since before George Washington's day. Nothing new here.

Originally Posted by Corporate Avenger

...torture...

Are you naive enough to believe that a little waterboarding in Gitmo is the first time the US has dealt in "torture". It's just the first time we talk about it on the front page of the New York Times.

Originally Posted by Corporate Avenger

...economic destruction...

You're right. All those minorities and low-income people shouldn't have been allowed to buy houses with no money down and borrow 110% of the value. Thanks Barney Frank.

Originally Posted by Corporate Avenger

...most criminal and scandal plagued administration ever...

If a law has been broken, let's prosecute!

[TrailHiker]

It's Bush's fault.

[Lulu]

Originally Posted by TrailHiker

It's Bush's fault.

Yep a lot of it is. At least some of you are willing to admit it now. Iraq, Afghanistan, TARP, Wall Street running wild and selling us to China. Those are on Bush and that is most of the reason we are where we today. I am not making an opinion on the stimulus until sometime next year when we really know if it did anything. But why was there the urgency to pass a stimulus in the first place? FYI - I was against stimulus as I was TARP but we'll see if it did anything next year...the stimulus that is, TARP was robbery and always will be.

[86Dude]

Originally Posted by Corporate Avenger

9/11, illegal and needless war in Iraq snuffing out thousands of US soldiers, spying, torture, economic destruction, most criminal and scandal plagued administration ever, and you spent the last 8 years religiously defending them.

You're a partisan hack of the worst kind.

Dude, you're being equally so. Take off the chains man.

[jeremix]