Obama Shatters Spending Record for First-Year Presidents

I'm not posting this to rake Obama over the coals, because I realize that President Bush also had a hand in this. The reason I posted this is because this kind of government spending must come to a halt now, before it's too late.

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.

Obama Shatters Spending Record for First-Year Presidents - FOXNews.com

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What is scary is that government seems to be saying, "You ain't seen nothin' yet."

Let them take over healthcare, and see what spending looks like then.

Erod said:

What is scary is that government seems to be saying, "You ain't seen nothin' yet."

Let them take over healthcare, and see what spending looks like then.

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Then throw in the Cap & Trade bill, and you've got a government spending bonanza of epic proportions.

What will Obama Cost the Nation? - HUMAN EVENTS

They already had this clown pegged in 2008.

Want to know not how much he's spending but why?
http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967

And watch; Interview - [ame="http://www.youtube.com/watch?v=yTbdnNgqfs8"]YouTube- Interview - Confessions of an Economic Hit Man - Part I[/ame]

Why blame him? He inherited from Bush 8 years of screw-ups and he had to jump-start before matters got worse.

RDS said:

Why blame him? He inherited from Bush 8 years of screw-ups and he had to jump-start before matters got worse.

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This is a tired uninformed typical Obama disciple reark that ignores the truth.
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.

Omams is not trying to fix anything hes all bout destruction of the economy because it's part of the Cloward and Piven strategy for Socialism.

What happen to RDS?





*crickets*

Grim17 said:

I'm not posting this to rake Obama over the coals, because I realize that President Bush also had a hand in this. The reason I posted this is because this kind of government spending must come to a halt now, before it's too late.

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This pains me to say...but I agree with this pretty much entirely. No president has been serious enough about deficit and debt reduction, and that needs to change, now. Spending needs to be cut, and it needs to be cut everywhere. Nothing sacred, nothing exempt. When the economy improves and we can do it, we need to look at ways to raise revenue until the deficit and debt are under control.

Redress said:

This pains me to say...but I agree with this pretty much entirely. No president has been serious enough about deficit and debt reduction, and that needs to change, now. Spending needs to be cut, and it needs to be cut everywhere. Nothing sacred, nothing exempt. When the economy improves and we can do it, we need to look at ways to raise revenue until the deficit and debt are under control.

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Congress is blameless? Who controls taxing and spending on the federal govt?

American said:

Congress is blameless? Who controls taxing and spending on the federal govt?

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Well no, congress is not blameless by any stretch of the imagination. I did not mean to imply otherwise. Point of fact, I don't think who is to blame is important at this point, it is who is going to do something about it, and I don't see any one who will right now.

Redress said:

Well no, congress is not blameless by any stretch of the imagination. I did not mean to imply otherwise. Point of fact, I don't think who is to blame is important at this point, it is who is going to do something about it, and I don't see any one who will right now.

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Damn... I never thought I would see the day that I'd agree with you twice in a row.

.

Redress said:

Well no, congress is not blameless by any stretch of the imagination. I did not mean to imply otherwise. Point of fact, I don't think who is to blame is important at this point, it is who is going to do something about it, and I don't see any one who will right now.

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Who to blame is all important at this point... how will you know who to fire if you don't first fix the blame for the stupid act you are going to fire someone for?

Don't get me wrong, the pink slips need to be extensive, in all 3 branches of government, and neither political party is blameless.

Grim17 said:

I'm not posting this to rake Obama over the coals, because I realize that President Bush also had a hand in this. The reason I posted this is because this kind of government spending must come to a halt now, before it's too late.

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Most Presidents spend more their first year than any other - the economy is growing, plus inflation. Big deal.

Plus Obama had a massive bailout (handed to him by Bush) and a stimulus thrown in.