Quote:
Originally Posted by GoldenRivet
ill just point you to this HIGHLY entertaining thread
http://www.subsim.com/radioroom/showthread.php?t=169112
and yeah.... Trillion dollars in the first year... thats similar to billion only with a T and a few extra zeroes.
personally i dont think BO has a long way before he outspends Bush + every other president combined |
Rather than reverting to jokes and conjecture, lets looks at some figures.
http://mercatus.org/publication/spending-under-president-george-w-bush?id=26426
Quote:
During his eight years in office, President Bush oversaw a large increase in government spending. In fact, President Bush increased government spending more than any of the six presidents preceding him, including LBJ. In his last term in office, President Bush increased discretionary outlays by an estimated 48.6 percent.
During his eight years in office, President Bush spent almost twice as much as his predecessor, President Clinton. Adjusted for inflation, in eight years, President Clinton increased the federal budget by 11 percent. In eight years, President Bush increased it by a whopping 104 percent.
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I remember the total expenditure of the last administration was $11.5 trillion.
So far Obama has spent/earmarked approximately $2.6 trillion. If he serves two terms, and spends the same amount each year (which wouldn't make sense, seeing as almost 1 trillion was one time stimulus money), he would spend 10.4 trillion.