November 25, 2009

Obama’s One Big Accomplishment: Shatters Spending Record for First-Year Presidents

Filed under: Economy,National Debt — Cato Uticensis @ 1:00 PM

Barak Hussein Obama hasn’t accomplished much in foreign policy and economic policy, but the one thing he has accomplished in his first year; he has shattered the spending record for first-year presidents. Quite an accomplishment and I’m sure it’s one he’s very proud of!

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.

H/T Fox News via Lonely Conservative

Way to go Mr. President! I have come to the conclusion that YOU and the rest of goons in Washington are part of the problem and not the solution.



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Related posts:

  1. Obama racked up a record-high monthly budget deficit of $220.9 billion in February
  2. Karl Rove: Obama Versus Bush on Spending
  3. More Jobs Lost Under Obama Last Year Than Any President Ever
  4. CBO: Obama Budget To Generate $10 Trillion In Budget Deficits
  5. Obama Campaigned Against Spending Freeze

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