Obama Shatters Spending Record for First-Year Presidents

Happy Thanksgiving, America

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. 

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. 

That’s a big increase. But compared with other presidents’ first years in office, Obama is running circles around them. 

Comments

[Hawkeye]

Hi Amy. Obama can't help himself... he's a Democrat don't forget. The only thing Democrats like more than spending money is... raising taxes.

(:D) Happy Thanksgiving to you too!

[Johnny]

This is only the beginning. If he goes for 4 years even with a new GOP majority elected in 2010, we may never recover. This is what happens when we elect a man with zero CEO experience to the highest office in the land. The USA is not some college lab experiment.

[Aimz]

wow good grief, same thing here Amy, must be perks of the mp's that they think they deserve, we had two caught out recently who have been taking their partner's on holiday around the world with taxpayer money - grrrr

[Mike]

Hey we are getting sewers in an area that does not need them, yipee!!!